re: Information for my fellow Real Estate Investors

Good points. That's why I'm asking for insight.

You're right about population. Also take into account a university with a steady supply of renters, a hospital expansion, and nearing the bottom of the oil market.

Thibodaux is more diversified than Houma and not as oil dependent but it certainly is a factor.

Also on the rental rate, I thought the increase was too much but I think back to a 2br i lived 7 years ago and the rent is now 1.5x what I paid which is in line with 5% increases.

If we can get prices like you stated (sub-$50k and 2% of cost), so much the better. I'm basing it off of the information I have today.