What I see is there are many people from abroad who just want to park money here vs their home country due to inflation or some other reason who are willing to take minimal returns in exchange for principal safety. 

I would aim for a comfortable safety budget before starting!

\/O\/ I like the "clear evidence of gentrification" area you mention.Yes, it is a slow process and good things take time but stick to that pocket IMO.Buy cheap with a margin of safety, work the market since you are local and you will have a much higher rate of success than a DIY out of state investors.Just my opinion and wishing you much success

Yearly net cashflow after absolutely all costs and a margin of safety should be between $15,000 - $20,000.Lessons learned?

-Safety and crime rates.

I was concerned with the safety of the neighborhood, not with what my potential neighbors looked like.

The safety of our guests at BPCON is our first priority; we'll be bringing in additional security if necessary and honoring ticket refunds for anyone who doesn't feel safe traveling to Orlando.

Christian, Stay patient and pick one and go all in... 

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. 

@Dennis Gallof In addition to the safety concerns ....Good luck trying to evict a non paying tenant in an illegal apartment.