Add to that the down and out areas that are having major revitalization...Bishop Arts, Trinity Groves, more development in Historic East Dallas, etc.  

These tenants sound like professional deadbeats who have the art of freeloading down to a science. 

So these liberal/conservative academic "economists" claiming they can predict the future?

If you want to learn how to comp a property there's a whole lot of resources available here on BP and even on Youtube.I suggest you read past "Step 4" in the article for this guy's comp strategy:https://www.biggerpockets.com/renewsblog/2014/04/2...With that said, It's an art not a science really as almost everyone has a different style of comp'ing properties and if you ask an agent to show you how they do it, it'll only be so helpful as your resources for getting data will be different. 

My passions are Real Estate, Sailing, and Art! 

Not only are you holding your lease renewal but I have a liberal 60 day penalty free lease breaking clause. 

Art, Peripatetic?

It'd be helpful to get about 1,500 square feet or so.  2) I want a right of first refusal so I can buy it (I have a family); 3) I want to buy it from a wholesaler; 4) I want to partner with someone who knows how to flip houses; 5) I want to smartly finance it; I have access to FHA loans including a 203k loan; also willing to use hard money as an intermediate solution too, particularly with a partner who is skilled in the art (I'm in the process of getting pre-approved for a mortgage so I can set an exit number and then work backward into this flip deal); 6) I would expect to split the profit 50/50 with the partner (and if the flip goes so well that my family and I get priced out of it, perfect:  Then the house will be sold and I'll get 50% of the profit).  

@Luke Buettner Yeah, despite my love for the arts, I still view these projects as what they really are: a business.

It might be a good idea to have a written partnership nuptial.I understand how it is to be busy with all of your businesses.Some of my businesses are; Real Estate Management, Auction Company and Investment partnerships.I do find time to practice my art.I guess it is OK to announce my art show, all sales go 100% to charity, The Smile Train.www.auctions.investorsunited.com to see the bidding process and view the paintingsAlso on Flickr at www.flickr.com/seeparrishartBrandon, I think it is important for people like us (managing lots of businesses, lots of stress and controlling the moving parts) to have an escape, a diversion, a creative outlet, a mind break from businessWhat are your thoughts on that?