My name is Austin and I've a recent graduate from USF with Master in Public Administration and a concentration in Urban Planning.

I've had this happen before on land in urban areas such as Los Angeles where the assessor adds a zero....

I am a recent graduate got a Major in Urban and Regional Planning as well as a Minor in GIS (Geographical Informations Systems).

I think we, as a society, need to grasp the concept that "Poor" doesn't mean you don't have money...

@Michael Haas Is your office at Urban Worklofts now? 

You do need to understand how to pull and calculate the comps, but - in my opinion - you need to understand that anyway.Redfin and DFW Urban Realty both will provide you with Sold Data. 

Educated at Yale and Princeton and an innovative thinker and leader in New York's real estate community, Alex Cohen develops strategy, advises, manages and analyzes commercial office, retail and mixed used acquisition and lease transactions for tenants, landlords and investors.With a background in urban planning, 15 years of commercial real estate transaction negotiation totaling millions of square feet, extensive real estate experience in launching international brands in the US and deep expertise in the marketing and repositioning of mixed use real estate, Alex Cohen's unique perspective allows him to: - Identify markets and buildings and plan space configurations with the potential to attract and retain Millennial (and Gen X) talent to drive business growth - Develop branded office building environments that incorporate important new technologies and trends and establish flexible and activity-based occupancies critical to the Workplace of the Future - Position real estate assets to attract the world’s leading brands to build centers of collaboration, creativity, experimentation and consumer retail interaction.

But most of the construction is either luxury apartments or in the urban core (or even luxury in the urban core!). 

The reason I want to get into this deal is that a) I think rents will increase over time and b) It is a unique property as far as location and its Victorian style construction compared to the rapid urban development the area is experiencing which could lead to significant appreciation in the next 5 years.

Although I'm not an expert in that market, I have heard that rents (urban areas) are dropping rather significantly.