Make sure you know the safety and quality of the neighborhood and even block in New Orleans to ensure the rents will be what you expect. 

There has been a lot of press around assumable mortgages recently given how high rates are. 

Even at our crazy rates we could stick frame cheaper than you could buy almost any quality container.  

Mostly long term puts against stocks I think are highly overvalued. 

I’m hearing that’s pretty high so I’m looking to see if any of you experienced investors have any advice. 

There may very well be an accounting reason to set up a parent LLC, but I highly doubt it.

@Michael Hearn2 questions right back at you.1. you state you would "put [the proceeds from the sale] toward the new mortgage" - and i get the temptation to do that with what seems like a high interest rate. 

The prospects for appreciation are limited (probably below the inflation rate), your tenant pool sucks to manage from out of state, your risk is high because you don't know what the heck you're doing - none of us did on the first go; that's not personal - and your flippant verbiage is treating this more like trading stocks than buying property. 

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

If you are serious about real estate, I highly recommend going pro.