Hmm, the title company said they couldn't determine the amount, only that there was an agreement to the terms of another agreement... like a notice for hoa responsibility tells you they're responsible but not how much is owed.

Hi @Nicholas L. and @Chris Seveney a few weeks after my post, they did a part 2 for the survey and 2 days ago, the Zoning Dept. emailed out an update for the proposed policies.Here's their message:"We want to keep you informed and share a preview of the proposed Short-Term Residential Rental Ordinance regulations and express our gratitude for your invaluable feedback and participation in Phase I and Phase II of the Alexandria Short-Term Residential Rental Study.

I use this type of system in a ten unit that I own because the cost to submeter each one was cost prohibitive I usually don’t include other items like wifi/internet unless it’s a furnished/short term rental. 

The one downside I've heard from my family who went to school there are that the homes don't appreciate in value much there so the only value in my eyes is to find a great deal to flip or to rent it out long-term.

Moreover, it allows you to set the terms of the lease agreement according to your preferences, which can help prevent misunderstandings and disputes in the future. 

I am extremely familiar with the area, I know that it can rent long term, and it is perfect for my family's current needs.

On long-term rentals the bank likes to see signed leases which clearly you can't have with STR. 

Personally, I advocate for a long-term investment strategy and would recommend investing the funds, provided you are comfortable with the expected return on investment over time.

The plan is to transition into a new home in 2025 or 2026 while converting this property into a long-term rental.

I am interested in learning all I can about Long Term and Short Term Rentals.