The real estate game is professionalized, lots of players in the game.

This makes LTR a safer bet for steady occupancy and income.

If you want stability and fewer headaches, Metairie is usually a safer bet, but the trade-off is thinner returns unless you can add value.If you’d like, I can share some local contacts for insurance, property management, or lending who understand the unique challenges of this market.Hope that helps give you a realistic picture before you dive in.

If the new income is just enough to make the mortgage payment and not make up ground with the repayment plan which I bet is a 12 month repayment plan, I would probably lean on a longer term private loan to make up the rears.NEXT I would encourage them to find 2nd job and sell stuff to work out of this hole.  

It was also a simple, concrete block structure — easy to maintain — and felt like a safe bet for consistent rental demand.

In addition, take a look at the renters themselves - you can't squeeze blood out of a turnip, so if they are essentially judgment proof, then getting the property back in your name and moving on with your life will be your best bet. 

And the lender generally does not want to see any money at all going to the owner and in fact many times is trying to get the owner to sign a note for the short fall.. apples and oranges in my mind when it comes to what the thread is talking aboutThis thread is about buying houses from distressed homeowners in foreclosure and particularly your comment was about the foreclosure rescue laws and I bet most the investors on here have no idea what they are. 

Practical Tips We LearnedExpect the city’s first offer to be below market value—that’s normal.Independent appraisals + attorneys with eminent domain experience often secure significantly higher payouts.Start lining up the replacement property plan early so you don’t lose time once funds hit escrow.Bottom line:Your key players are:Eminent domain attorney (negotiations & appeals)1033-savvy exchange specialist (tax side)Optional: Commercial broker if you want to roll into bigger assetsThose three together made the process smoother for our client and avoided nasty surprises.

That’s the best bet.

No sure bets right now.I say go where the deal takes you.