It is a very low risk move to just hold it.Is it actual Hancock Park or an adjacent area?

I would suspect this area has very low vacancy rates.One thing you need to be aware of is that they are planning to reopen a commuter rail line with access to Plano, Addison and DFW airport in next 3-5 years.

People who don't want to stay at a hotel near the airport?

I also fly a lot, so West of downtown Dallas, towards the airports, I would also be interested in.Can you recommend neighborhoods that I should focus my attention on within Dallas city limits?

Development cost would be shared more efficiently with 50+ units but even that wouldn't be feasible in terms of development equity return.. just not thereIt makes more sense to expand on an existing park and buying adjacent land to combine and expand..

Close to gym and supermarkets.Close to both airports (although I don't travel often, I am dreaming of taking more vocation abroad).I have a friend who's willing to rent a room there.No flip tax.Cons:HDFC in Harlem (125th or 145th) Flip tax.Hard to sell in the future due to the income restriction. 

At the airport!

South Bay Beach Cities and Beach Cities adjacent.

Some of adjacent areas are really taking off, so it will just be a matter of time. 

I worked in Aurora for a year back in 2004/2005 near I70 and Airport Road.