However I'm not sure the demand is there yet for houses in this category to be rapidly converted or redeveloped in large quantity,  but I am sure it will happen at some increased rate.Just because ALL of SFR now allows this,   it will tend to spread out the activity more,  as opposed to upzoning smaller areas, concentrating redevelopment in those areas and rapidly changing them.   

Everett has pretty slim pickings at this point, the small-multi market heated up and all of the good MLS deals were grabbed over the last few months, we could see things open up a bit in the spring though.Forget about Seattle, darn near impossible to find a cash-flow property on the MLS at this point.The Tacoma-Auburn area still has many intriguing possibilities, I would concentrate my search in that area if you're looking for a solid income opportunities.

I certainly would also concentrate on getting multiple unauthorized occupants out but I just want to point out that sometime you do need to let people know you support them if they do call the police provided it is warranted. 

I've been looking into properties in Cleveland, both SFR and MFR and it seems like the majority of the value add deals that are available are concentrated in the SFR sector.

@Sean RayStay in your market but concentrate on the suburbs.  

I am concentrating my area of focus on two areas in spokane, wa that have proven to be worth investing in.

Steph, be aware that some of those concentrate exclusively on non-performing notes, which is a different investment than performing. 

Bosko Mijatovic Depends if the agent concentrates on buyers vs listings.Agents shouldn’t be spending excess time on admin work.

We can also see the "concentration" of rental properties per zip code (vs. all residences), which when combined with an "A, B, C, D Neighborhood" classification system (see this blog post for a simple explanation) can paint a pretty specific picture about what micro-markets might work for a given niche & strategy.

Thus deflationary cycle via currency concentration.