Purchase price: $35,000 Cash invested: $30,000 A one-hundred year old adobe home was transformed into a one-of-a-kind, 5-star, short term rental and recently appraised for $130,000 with a monthly income of $1,600.

One of the funnest projects I have worked on as far as transformation. 

In our properties in the C-/D+ 'hood,  we ripped up old carpet and redid the original hardwood, painted the walls, refinished the cabinets with rustoleum cabinet transformations, installed backsplashes with "sale priced" glass tile.

No fear going into an area and helping to transform it for the better, and make some good money while doing so.

@John @John Hickey Hello I am Fellow new member  here, I was elated to see the words Bedford Lafayette, What a transformation that neighborhood went through.... 

I saw your post on the cabinets the whole kitchen is a huge transformation.

As @Will Long mentioned there are plenty of areas to invest in Delaware and Motgomery counties, and Point Breeze is a quickly transforming area in Philly, but that doesn't necessarily mean any of these areas are going to be the right area to invest given your goals and to steal a @Brandon Turner phrase, where you want to be on the Scale of Passivity. 

Get in your car and drive around the neighborhoods you have heard about and see what is happening and get a sense of how the city is transforming and where that is happening.

Your apartment could conceivably be transformed from illegal to legal if the ordinance is enacted.  

Has your business transformed into real estate development?