Another thing to consider is that NOLA had quite a few areas that were filled with low value housing.  

Personally, I never felt good about trying to buy as low as possible, especially when sellers were struggling somehow in their lives and then attempting to profit by putting lipstick and paint on their pig.  

I am a beginner investor in Metro Atlanta and i have been expanding my knowledge on real estate and the right way to invest in real estate is through various books like rich dad poor dad, ABC's of real estate investing, BP book on low and no money down investing, and multifamily millions by david lindahl to prepare myself on how to build wealth from funds i will soon be recieving that i plan on making moves with.

Use city-data to see where the low income and below poverty areas are.

Hello Colorado BP Members,I'm nearing the end of the my studies for a Colorado Broker license, and I'm looking for a low cost brokerage to hang my license at to meet the 2 year requirement.

Housing and Urban Development today announced HUD will speed federal disaster assistance to the Commonwealth of Puerto Rico and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma.Yesterday, President Trump issued a major disaster declaration for Culebra and Vieques municipalities.

I think your numbers for repair and tenant replacement are too low..  

I watched a webinar the other night by bigger pockets and the presenter showed a buying houses for a low cost (75,000) and renting for about 1000 USD.  

Home Depot, Menards, and Lowes all sells very inexpensive plastic miniblinds.

The one with long term tenant was at very low rent, $800/ month!