Oklahoma City, for example, has remained an affordable market with steady rental demand, offering good cash flow potential and landlord-friendly laws.

It was a law that simply explicitly states something that was lreay allowed.  

Try looking in MD they seem to have friendly LLC laws and set up costs.  

Some of the laws in NY changed recently and you are required to obtain a certificate of no harassment, No permits will be issued until it is resolved.You will need to work with the current tenants for this certificate to be approved which can take up to a year or more, Definitely something big to consider.  

If no provision in the lease, refer to your local landlord-tenant laws.

Researching local laws, taxes, and economic trends is crucial.

Commit one crime and get charged with breaking 10 different laws.

But with this new law in place , is there even a benefit for month to month lease since I cannot do much anyway in terms of getting the tenant to move out.

STRs sound like too much work to me.Portfolio income = stock dividends, interest income (from banks, credit union etc), Master Limited Partnerships (Form K-1), Business Development Companies (Form 1099), bonds, interest earned from investing in a real estate debt fund, interest earned from being a private lenderAsking why our tax laws are written a certain way is not going to lessen your tax burden.

You need to consult your local laws to see what the legal amount of time is and decide for yourself if that's "reasonable."