Fixing up a distressed area

[Dustin Thoms]

Lately I have tried to educate myself on real estate strategies and where folks invest based on neighborhoods or even cities.  I was wondering if anyone has seen where a group of real estate investors have gone in and “cleaned up“ a certain neighborhood by buying properties and requiring a certain expectation on keeping the area up to new standards.  I have heard of good investment areas such as Memphis where there are plenty of rentals but might be in less than desireable areas.  

Before I say more, I would just like to hear others’ thought.

Thank you

Dustin