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

I would like to know what type of security measures you all are taking to avid theft and other vandalism of the property. 

-Safety and crime rates.

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

Without sales I can't measure how they are performing with rent to sales ratio.I won't rent to no credit tenants that will not disclose sales.

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.

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. 

Obviously I’d suggest putting security measures in place like buying under an LLC.

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