Any parent who has lived through teenagers knows the potential for crazy during that time period, reckless or rebellious activities you would never expect from your previously loving, responsible child.

Good or bad.Disclaimer: I am not encouraging people to be reckless when investing in real estate.

What I really find amusing is someone who finds fault with me in the forums and then PMs me for advice, LOL A one page real estate purchase contract, IMO, is one of the most niave and reckless ideas I have seen on any real estate investor site.

I seem to recall a time not that long ago when buyers who were higher risk were allowed to buy homes and while the situation was much more reckless then than now it didn't end well for the housing market and I hope we don't repeat that.  

And again, put yourself in the shoes of the money lender; they are not there to take reckless and uncalculated risks; any risk without mitigation option is not worth it.Again, @Rod Desinord asked a question: which HML did you work with that does not require skin in the game?

Plus 3/2's are rare in NOLA.As for your pricing question, there are lots of things to take into account that you have not provided, it would be reckless to say.Try using the Tools - Rental Property Calculator.That fact that you mention $2100 in rent ($1150 per unit), indicates that you think the property is in an OK area (unless your basing that on Section 8 housing numbers).

The best advice I can give is to remember that $100k doesn’t mean you can afford to make reckless purchases.

If they are not being reckless and don't have lots of unpaid bills or judgements, then it may be fine.

I usually ignore traffic unless they are a pattern and driving without a license, no insurance, and no registration are signs that he has repeatedly made some mistakes and may be reckless however if these were old I may look past them. 

In my head I want a cushion, and would only be putting 35-40% of that amount to work at any one time....and as our account grows the percentage working may grow as well...but it seems to us that throwing it all out there at once with nothing to fall back on would just be reckless...like betting on red every time in Vegas....you may win for a while, BUT in the end you will lose it all...think 2008.