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NOT in New Orleans! Does anyone actually read other posts before they reply? These properties are NOT in New Orleans, they are in Biloxi, Mississippi.

It's a little disappointing that some of the comments here are let's say "less than constructive". I view this as an "investment opportunity" which needs to be put through proper due diligence. That's why I'm not particularly concerned with dangerous parts of New Orleans. Due diligence...

Yes I was also surprised at the lack of response. Not even any naysayers. Thanks for the link. I'll check it out and continue my DD. EC

I came across this site today: http://www.propertydirectamerica.com There are also numerous other companies doing a similar thing. They build/sell new homes in the recently flood ravaged areas of the US (otherwise known as the "GO zone"). These properties conform to the SRAP program...