However, two council members were pushing to impose a cap on the number of STR permits issued in the city and earlier had been pushing to shut all STR's down that weren't owner occupied - similar to Denver's regulation. 

There are some council members who seem to want a cap.

I suggest you get an average for the past year, increase the rent by that amount + 10%, and just add it to the rent so you don't have to think about it.Once exception: I put a cap on how much is "included" with the rent.

It’s also nice to see that there should be a cap.

My offer just got accepted for a Duplex in Atlanta with a cap-rate of 8.5.

Hi, when im trying to figure a cap rate do I include the closing cost into the purchase price on that not taking into the equation ? 

@Melinda PajakWell you should try to calculate the value based on a cap rate.

I’ve been given advice to ‘keep buying’...My fist property will be working well with a cap of 7.7.ITs an Attractive idea, To pay it off, and Then leverage it.But I hear, I should continue Buying.Any Arguments, Either way?

Maybe in 5 years plus, you have the option to have the property appraised, or base the value on your NOI and a CAP, and pay 28% of the value to him?

multi family generally sells for a cap rate.. figure out your cap rate your good with.. and if you find it pull the trigger.its all about rents and quality of tenants at that point..