I am still pretty new to the area but I am ready to jump in and start investing in multi-families in the Albany and surrounding areas.  Since this is something that is best done with a team of experts that know a lot ...

Short term rentals are legal when the host is living in the same apartment as the guests and there are no more than 2 guests staying with the host."

You'd be surprised to learn that someone living in a rental or apartment, that has a family and is a successful small businessman, has the money and is willing to take that deal.

What rate, term and amount borrowed did you get for the ADU build and what was the cost?

Glad to have you as a part of this awesome community, Chandler! 

Being a part of the local REIAs in both towns can help you understand more of what is going on.  

She is renting the apartment, not the entire property.It's very important for landlords to understand Landlord-Tenant rights and maintain control of the property.

A property manager may be a hard egg to crack but once cracked (built trust or relationship), they can open many doors since they can be your advocate and have access to many homes.this is the case with apartment complexes.   

Housing mix will change; more condos and co-ops and multi-family apartment buildings.

The only exception is for on-site managers, like you'd find living in one unit of an apartment building and managing the building on behalf of the owner.