If you want to do this you can piggyback on other Whites that are doing this in every city in the nation. Unfortunately, they are degenerate. Faggots routinely are the trailblazers in gentrification because they don't give a shit about the school district. Go to a coffee shop, pick up one of the local gay mags, find out where they are starting to congregate. Go there, buy a house, fix it up, live there or rent it out, and in 10 years you might be sitting on a nice profit.
Did something like this, but it's not a gay area, but was downtrodden area in the middle of an southern city