You will need money for marketing so don't think it's free. 

@Tina Kapur—First and foremost, you can NOT deny a tenant because of a voucher—that's a big no-no here in Chicago...now, of course, you can deny the tenant for other reasons like credit score, income, etc.We usually do 2.5X income w/ a 600+ credit score in the nw side of the city.Section 8 has its pros and cons like anything else...the check shows up EVERY FIRST of the month like clockwork, but additional paperwork and CHA inspections are required.

If you add this person as an occupant as I suggest then the tenant should be able to evict them if they don't leave and if you have the need to evict you would just be evicting both the tenant and occupant which is NO ADDITIONAL WORK FOR YOU EITHER WAY. 2.

- Have you looked at other markets in Louisiana? 

@Dave Foster can provide additional guidance.  

In addition to the Phase I and the ALTA, it is a good idea to also get a Zoning Compliance Report.

Duplex have different zoning that may permit additional units.

You will find lots of Carpetbaggers trying out commercial from residential as the residential markets shift. 

Ignace, Michigan because you saw it on a list is probably a waste of time unless you have some sort of connection to that market. 

And is wholesaling still effective in this market?