The property may not be "up to par" with market condition so it doesn't command full market value.

My partner has a few rentals in the borough and they command very high rents.  

Think about contacting the Commands and set up a deal.

At $650 lot rent I would find this very difficult that your area would command $850 to $950 rent for your MH.  

So, you went to see some war movies, read about history of tactics, and think you can take command of the battlefield without going to basic training...... ;)Strategies are to fit the situation and circumstances, they absolutely are not some step by step matter to go into battle with.

There are much better areas that command higher rents than this part of Gentilly.

Your biggest risk is kids commandeering the thing while mom and dad are in the hot tub,and running over and killing someone(s).  

The only waterviews you can find in this area are from large single family homes....I'm having a hard time figuring out what a 646 sq ft high end water view rental could command in rents--in general I'm having a hard time valuating this deal and if there is someone with some experience with view properties I'd appreciate any help!  

Finally, don't entirely rule out the Dallas market, even if you have to pay a bit more for the property you may be able to command higher rents so it may work out to be a wash income wise.Good luck in your endeavors.

@James Park has a great command for the market where you're interested.