I own a property I bought with cash that I call "a structure" and the fiancee calls "the crack house" that is undergoing renovations, but was only $25k to buy it and should be worth $85k after about $20k is put into it.

We have 4 SFRs currently rented, one undergoing refurbishment, and two on the rental market but not filled yet.

Would you say the neighborhood is undergoing gentrification?

South King and Pierce are undergoing a lot of gentrification as people are priced out of Seattle and move South for affordability. 

Right now we have 42 occupied units with 7 more currently undergoing renovations.

@Andy NathanI am also undergoing a refinance.

There are a variety of factors in position, many moving pieces, that are priming RE to undergo a correction.Some info worth noting:https://www.youtube.com/watch?

If it's hard money then it may be undergoing renovations and are you in 1st position ?

I took the leap because the price was right, the area is undergoing a renaissance (and this block isn't that bad to start with) and I happen to know that the city is going to focus its community block grant funds on the seedy neighborhood between me and a local arts hotspot this year.One small example of it being more difficult: the proximity of the 5 buildings complicates the tenant selection process.

@Patrick M.The good news is the "naysayer" sentiment is undergoing a change.