We visited NOLA at the start of Mardi Gras (MG). The price was stretching our budget a bit especially for location; we made this work by utilizing the 'Blue Bikes' (which provided much of our transportation).
I would say if you are in our position and booking late this is a good option. The neighborhood looks rough but so does the whole city. We had no problems or concerns.
Renee was our host and we enjoyed chatting with her one morning. She is responsive and helpful.
There were no other house guests. The overhead fan squeaked and rattled. Otherwise a quiet neighborhood. We mainly used the bed and shower, used kitchen a couple times and nothing else.