.- Multiple other thriving business district areas (Carlyle / Eisenhower, Potomac Yards, National Landing), but especially Old Town Alexandria, are experiencing massive infrastructure and business development over the next decade, which will greatly boost tax revenue for the city over time.- Generally landlord-friendly state, no rent control- Secure government jobs/contracts make the real estate market much more resilient to recessions / major corrections- 15-minute drive to the Capitol of the United States- 4 Seasons- 15-minute drive to Arlington, Virginia (Amazon Headquarters 2 ((2017 announced, 2030 is bringing 25,000 new high-paying    jobs to the area)), Boeing Headquarters (2022), Microsoft Headquarters (2021), CoStar Headquarters (2024), Bloomberg    Headquarters (2017 expanded), Deloitte, and the list goes on)Thesis:Although more companies continue to go back to the office, there will be a shift toward a good amount of workers being able to be in hybrid roles.

@ Theresa, The ONLY doubt in my mind NOW is if this -My lease is a standard zillow generated lease.

But that also means you’re generating almost zero appreciation and barely better than bank CD returns.

Sure enough the rehab ran over budget (we had a large contingency that was used up -- some due to contractor malfeasance, some due to pulling the trigger on big repairs like a new roof) and the revenues were right around expectations, maybe slightly below.  

I mean I think about it a lot now that we are closing in on 70.. but hey 70 is the new 50 :) And different cultures handle this far differently than others.. this is why you see some new builds catering to multi generational floor plans..

I must be doing something right because I never attempt to generate leads, and I've been 100% successful so far! 

Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.

Can function as either co-living or one large multi-generation single family house.

If it were, it would be priced to only generate a 5-6% overall returns.  

Apparently they're still looking to recover revenues lost from the Hoover Company.