The deals west of 315 and east of Glenwood Ave are B/B- range depending on the street they're on.

This is going to range wildly from market to market.

That lower price range house that’s not a total tear down is not common though.

This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.

The cost to remedy a bad sewer line is very high, generally in the $10k and higher range.

If you get a little further out from LSU, you can probably buy in the mid $200k range and cut $200-$300/month out of that.

They would not be able to add to the portfolio as they go, though.With lower leverage in the 50% LTV range, they could expect to be in the 6.45% range on a 30-year fixed today.

Is there a neighborhood you recommend in that price range 200k for a long term rental ?

With the increased competition, it’s also crucial to prepare your listing to stand out and work to address buyer objections prior to going on market.

Condos/townhomes range from brand new to 6 years old.