Airbnb New orleans - looking for advice

Are you looking to BnB your own residence or purchase a property for the sole purpose of BnB?

I think you'll have better luck and less headache by just purchasing a rental house in some New Orleans suburb (assuming you're in the metro area).

As the previous poster said, the political environment surrounding AirBnB in NOLA is something I definitely would not want to bet on. Especially considering the risk isn't priced into housing values. You're better off waiting until it is settled because you will be paying the same price for a property and not having the risk of them possibly banning short term rentals.

Don't do it OP. Don't buy any rental property in NOLA unless you can rent it out as a long term rental, and get lucky with short term.

we have a super bowl coming in 5.5 years

I give it 6 months before we get a bunch of people complaining about their property value in NOLA going down. No locals want to admit it until they themselves want to sell, but the Airbnb's likely raised some property values 20% and possibly more.

Long term rental investors are priced out of homes around 1% of rent a month, so $2000 on a $200k place. But short term renters are not at all. That same $250-300k house may short term rent for $4000-5000/ month so now someone is willing to pay $350k+ for it. Increased taxes in multiple ways also.

That's why you need a long term feasible plan from the government. It can be a win win for everyone, this flip flopping around and changing plans though is bad for everyone.