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.

If you’re leaning toward selling your share, offering seller financing could definitely attract a wider pool of buyers while keeping the deal intact. 

@Samuel Diouf, thanks for sharing that article.

Thanks for sharing!

I was cold calling an off market property and the guy laughed at me because I asked if he would take somewhere around an 8 cap (obviously i didnt say this, I gave him a ballpark number) and he shared with me that these properties are trading at 5.3 cap.

@David Lilley, Would you mind sharing?

Welcome to the community and be ready for a huge amount of information at your finger tips.

Oh, I share your frustration, but have come to understand that this is how things work 95% of the time.

I’ve had my share of challenging deals too— but the payout made it all worth it.Curious - would you handle the cash-for-keys offer differently next time, or was riding it out the best call?  

Hi everyone,I’m looking to dive into the real estate market here in the Des Moines/Metro area and would love to connect with experienced investors, agents, or professionals who are willing to share their insights.I’m particularly interested in learning about your experiences in this market—what’s worked for you, lessons learned, and any advice you’d have for someone getting started.