I also have $100,000 in the bank, and I'm trying to figure out what steps to take next.

It’s exciting to hear you’re looking to scale up into larger multifamily investments—financial independence is a fantastic goal, and it sounds like you’re taking the right steps to get there.It’s great that you’re already focused on assembling a team and diving into market analysis.

Besides registering with the city, are there any other steps required to setup as a STR/Airbnb host in Alexandria?

Principal changing his name (sometimes just slightly) to walk away from previous recordIMO a light search, like Google, is a good FIRST STEP in vetting a deal.  

Aside from what everyone else wrote, note that adding units require various steps that you may not have considered (e.g., adding a new street address with USPS, etc.).

Hopefully some entity can step in to stop the madness, it’s a shame that there is no regulation stopping your company from doing this… 

There is also the alternative of doing a step up in the rate after 5 years to encourage them to refinance.

These larger projects are going to have a lot of steps.

What should my next step be?

Even a small first step will teach you so much, and with your analytical mindset, I have no doubt you’ll make smart decisions along the way.