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.

I always remember that rockstars know rockstars, so find someone who is a mover and shaker - likely a meetup host - and then ask them who they know.The people doing 100 flips are super busy, so I've also found the best person to find is someone who is a step or two ahead of me...so maybe for you, that is someone doing 2-3 flips a year. 

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

With many of the investors I work with the number one fear is :  Taking The First Step and saying YES. 

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.).

I would say it's more of a scam to offer a seller <70% on a property that needs $5k in material repairs  and flip it for 125% without stepping foot in the property.

“MHey Vidit, congratulations on taking the leap and starting your small business—huge first step!

Also, if you want to take it a step further, what is the ending balance on each, assuming you make the minimum payment (and an interest only payment on the HELOC).

However, the last thing you need to do is step in and play mediator. 

As this approach uses very little documentation, it is the least reliable methodology in preparing a cost segregation study.To see all of the steps included within each method, refer to Chapter 3 of the IRS Cost Segregation Audit Techniques Guide.What methodology has your company utilized?