Urban redevelopment or renewal is a process through which areas or neighbourhoods in a city are improved for the purpose of attracting more stable, affluent residents. For investors and developers, one of the most exciting parts of urban redevelopment is the opportunity to have a real impact on troubled parts of town. By buying, preparing, and renting quality single-family properties, rental home investors can contribute significantly to the revitalization of a neighbourhood and invite others to do the same.