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.

[Darvin Johnson]

@Jonathan Klemm - I'm definitely still looking at things in Detroit and the surrounding areas. Some of the difficult things for me lately and I'm sure everyone else is finding something that I consider a good deal. I was stationed in San Diego and recently speaking with a friend about the market out there, by comparison EVERYTHING here is a steal. 

Ideally I'd love to cashflow $200-300.