I will also note that the RC zoning district allows for quite a few extra units so you would get the best use out of your land by building a quadplex or something like that.if you are interested in going forward though I work part time at NOLA builds in town and they do great work for construction at all levels.feel free to reach out if you have more questions 

Im at base pay since I Just started, top pay at this job is at 5 years and we make 100k base pay, there are guys easily clearing 160k due to OT and other extra money functions. we also have a lot of opportunity to move up in position, Supervisors clear 230k like nothing so right now I'm not making much but long term this is one of the best city jobs to work.

These can sometimes offer better cash flow, especially if you’re in a family-friendly area with unique features like extra square footage, an ADU, or flexible layouts.

And if you invest more than 200K you will get an extra 5% bonus at the end for a total of 23% returned in your final year.

So as investing partners it makes sense because we will both have extra cash at the same time, we partner up to cut the risk in half + we both specialize in a couple things the other does not in terms of being a rental property owner (e.g. running the books + marketing vs actually fixing things).  

So if you want to handle the extra work, like cleaning, repairs and all of the calls and texts, then go for it.

Section 8 can definitely cause extra headaches like the longer wait times to get a tenant in there, the inspections, and the incompetent CMHA office you can never get a hold of.  

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

That’s about $900/month in extra carrying costs, but once sold it could potentially be worth it. 

Fix it up and rehab or flip and then you can pay yourself back and have a little bit extra to push to the next one