I know this is super vague, but I am really trying to dive in and see what makes sense.

I would ask yourself those very same questions before diving too much deeper.

If you haven't already, I would start out by diving into some resources to help you estimate these numbers, such as:This video tutorial on estimating cash flow: https://www.biggerpockets.com/…This blog post on making sure the numbers make sense: https://www.biggerpockets.com/…The sections of the BP Ultimate Beginner's Guide relevant to you: http://www.biggerpockets.com/u…I also find this guide to estimating capital expenditures very helpful: https://www.biggerpockets.com/…There are many more resources out there but those are some quick suggestions!

However, in buildings that are already over that cap, the additional units can remain in operation.No short-term rentals will be allowed in most of the French Quarter or in the Garden District.Platforms such as Airbnb and HomeAway will be required to remove illegal listings.Short-term rentals that violate the rules, including regulations about disturbing neighbors, can have their licenses revoked.An 8.45 percent tax and a $1 per-night fee are already assessed on short-term rentals.

- single fam/pers: asking 250, FMV 260 ish, we offer 256k cash two hours after it hit the market on Thursday night, accepted Friday morning, they cancel both opens for Saturday and Sunday.- single family, personal: asking 340k, super cute and done/done/done, hits market on Thursday with open house Thursday night, first time home buyers want to write over asking, but not sure how much.

Yeah i will do that and thats my biggest fear diving in and losing it all due to money issues 

I can talk about apartment investing day and night.  

However, if you are serious it may be worth buying it for the month so you can run a deeper dive of the numbers.

I spoke with a realtor last night (Chuck from quadwalls.com) whose opinions mirrored yours pretty closely.

That way it’s clear how much we can spend on stuff like groceries or date night.