Southside / flood-zone pockets (deep value)

The lowest entry prices and highest paper yields in the city, in older pockets with scattered reinvestment, some in higher-risk flood zones.

AE/VE flood insurance can erase cash flow, plus higher crime, deep deferred maintenance, and storm exposure; advertised returns rarely survive the true insurance and NOI picture for a remote owner.

Investors who understand that the highest advertised yields often come with the highest execution risk.