Preferably in the Lake Charles area.

That should allow you to do a purely financial decision based upon numbers and then you can add in your personal needs and desires for cash flow or if you can afford to keep the property and subsidize it for repairs and such then that might be your preference.

Ive read all about coops, and would definitely prefer a condo.

Mailers to specific zip codes (preferably low income neighborhoods) asking if they want to sell or know someone who does 11.

What is the relationship, he will most likely prefer a passive position.Can you show the market activity for the price range of your inventory?

Find your niche in real estate and learn as much as you can for free and then you can make a better educated decision if you buy some programs or pay for a coach....Always check references and ask other investor's about anyone you work with.

There are certainly niche opportunities in the industry for smaller built self sustaining homes.

@Nicholas SpohnWhat your contractor is recommending is the preferred remediation for drywall and plaster surfaces.

Refinanced out of it last year in to a conventional 15 at 2.75% :)I prefer conventional with atleast 20% down so you don't have to pay PMI (Private Mortgage Insurance) If you have the means to go the conventional route -- I'd suggest that route.

Prefer to avoid "institutionalized" big brokerage type agents.