Gentrification:  the buying and renovation of houses and stores in deteriorated urban neighborhoods by upper- or middle-income families or individuals, thus improving property values but often displacing low-income families and small businesses.A large percentage of the city of New Orleans LA is currently undergoing the above process.

I took the deal for the extra monthly cash flow… plus it can be harder to rent out places in the middle of winter in Michigan.  

Good morning Melita.

I had a client who almost lost her life changing a smoke detector battery, it was going off in the middle of the night and was on an 18' tall ceiling (why it had to be there I know not), she got an extension ladder out to change it, unfortunately the bamboo flooring allowed the ladder to slip and she slammed face down on the floor, a most awful accident...teeth, jaw...etc....it was really bad. 

Good morning BP!

Appraiser checked it out in the next morning and they got the keys tonight!  

I am currently working as a director of renovations for a very large real estate property management partnership group and have set a goal to own and manage 24-48 units by the middle of 2016 with the aspiration to expand in the central Texas marketplace to no less than 500 units by year 5.   

The market ebbs and flows, so we will see a correction, but it will still do great appreciation wise.The problem we see with this low inventory is properties are selling very high fully renovated, or low that need a ton of work, with nothing really in the middle, and everything is moving very quickly.

But that's just the nature of 4plexes - they will correlate strongly with a specific income class.If you are really interested in house hacking, you'll have to accept that fact that the neighborhood you're most likely to find a 4plex will be a lot different than your standard middle-class SFH cul-de-sac.

The kitchen hit us like the morning after a good wedding party that moves downtown when the reception if over.