When a couple of landlords filed a suit against the Council, on the grounds that judges being unelected officials should not be legislating -- (hold your breath, for the incredible insanity yet to come) - the state Assembly stepped up to deliver the coup de grace.SF ***.

Be very careful about the tenants you inherit because NYS has already introduced lots of new laws that make it much harder to evict, and it's fairly likely that rent-control could pass across NYS come Jan in the next legislative session, so if you're planning on buying an occupied fixer-upper, be careful. 

Not a single bit of federal or state legislation anywhere regulating a bit of that industry and every person with a pulse is buying gold for "investment" like they were buying "investment" houses in 2004.

Brian,I hate legalese, even when it is supposedly worded correctly no common layman can decipher it.If some act or legislation is aimed at restricting the private investor, then we should just be able to contact our Congressional and Senatorial representatives and in plain language say we are against any law that proposes to regulate the right to sell our possessions in any creative way we can.

And that state regulatory bodies may feel that they can write rules covering wholesaling under their existing enabling legislation.

It's a "too big to fail" industry that's indifferent to anti-landlord and anti-investor legislation ("ok, so we do more loans for primary residence owners, and less for investors, whatever"), adding a layer of safety.

The extent to which you can leverage the ADU laws and new legislation is mind-blowing.  

I couldn’t find any recent info about this legislation- is it still in place?

.• Located in an area with investor friendly taxes and legislation - Taxes include both state income tax and property tax.

Yet those same states (as they're typically liberal) would have their heads explode if you tried to legislate who you can and can't marry.