Older homes are being modernized and old industry is being knocked down for large high end apartments.

you need capital to modernize and bring the properties upto todays standard...Then charge a premium rent and cater to the tenant willing to pay $800/mth for a 1 bedroom 3) By improving the property, and getting a $800 mth tenant you are also making your tenant headaches much smaller, your operation will run much smoother .......True Story.....:)

(Other tile supplies: Grout sponges, tile nipppers, grout float $30);If needed a new diswasher ($300) you can get a low end for that but they are LOUD; look for custom order return less than 45 decibles.I think backsplash, hinges, & pulls will modernize and make biggest difference.

My insurance company is American Modern Insurance.

It's stunning how little thought and research goes into modern day journalism.The worst is Motley Fool articles on Yahoo news..

But overall great transformation - looks so clean and modern.

For example, when there is a dearth of modernized strip centers in a neighborhood, if you come in and clean one up, I think some new businesses want that. eg. five guys will pay premium rent if you build them a well thought out parking lot and arrangement of stores.My opinion.  

That, my friend, is the biggest detriment to the modern hustler.

Again as Adam said ideally now you would be modernizing by renovating one apartment at a time and increasing rent but you may not be ready.Rents are under market.. yes. 

Thanks Duplex units on the west side of Cleveland in high demand so long as you update them with modern fixtures.