I've also signed up for New Orleans REI meet ups in the upcoming weeks in hopes of making valuable connections in the local market. 

I realize it's just an example and my comment is a generalization but just something to be aware of.With regards to the original question, I think it comes down more to what you want to do and what the offer is for walking away vs. rebuilding.That is the exact example a public insurance adjuster used when speaking to a local investor group a few years ago.

Call your local FBI field office and ask for the duty agent.

Nevertheless I am local now and I have that real estate desire (which never went away).

Hey Juliann - Reach out to local investor-friendly realtors and GC's.

since purchasing the property with a 10% down portfolio loan through a local bank, I have done extensive repair work and renovations.

Being a 20 year mortgage expert and real estate investment veteran, we used our mortgage company to secure below market financing.

**Letter of Intent (LOI)**: Though not legally binding, an LOI can outline the basic terms and conditions of a potential deal before the final contracts are drawn up, ensuring that all parties are on the same page.It's always wise to consult with a real estate attorney to ensure that your contracts comply with local laws and protect your interests.

Did you guys go to the local PD, DA, FBI, etc? 

That’s the magic of real estate compounding over time, and it’s stories like yours that really highlight this.. from what i read in the street journal, that slow build often outperforms shorter-term stategies.From an investor-friendly agent’s perspective, being willing to dig into the neighborhoods (driving for dollars) and having a robust network.. from probate attorneys to local contractors.. can pay off big.