Chicago or New Orleans?

[Darvin Johnson]

Bigger Pockets Family,

I've been considering doing some distance multifamily investing in areas that I have either lived or frequently visit. I've been strongly considering Chicago and New Orleans as of late. Does anyone have any experience with both/either? I'm predominately looking for cashflow, small multifamily, under $500k. I know that in both areas it depends on the neighborhood and would appreciate any info on which neighborhoods in either city this would be possible. For either city I am open to long term rentals but would prefer if one unit could be used as a short term rental so that during my visits I can used it myself.

[Bruce Woodruff]

I'd pick Louisiana out of those two.... a) better weather, b) more favorable to landlords...