Most places require if you rent, the tenants have a six month lease in place. As a property manager in the quarter, renting your place for at least 6 months reduces / removes the drama of drunken stupor associated with shorter term rentals and at the end of the day will be your best option.
Email me at firstname.lastname@example.org and I can show you how I have helped clients/friends build a solid fun investment in the quarter.
The secret to condo ownership in the French Quarter is to invest in slow, steady equity. This means buying at the right price...you are making your money when you buy, not when you sell...or try to rent short term..alot of risk for out of towners.
If you are trying to use a FQ condo as an investment property you will never make money...the numbers never have and never will work like what you can do with a 4 plex or even a double / duplex Uptown or in Midcity.
Need to know more about these areas? Visit my website at the link below and see real video of other New Orleans neighbourhoods
The areas closest to the Mississippi are best, such as Chartres, Governor Nichols, Ursuline, Dumaine, and of course Royal Streets, look for "the lower quarter" verbiage.