For example, the Internal Revenue Service (IRS) has published various materials relating to tax regulations on real estate investments.Publications such as Publication 527 (Residential Rental Property) and Publication 946 (How To Depreciate Property) provide detailed information on rental income, expenses, depreciation, and other aspects of real estate investing.

I have decided to exist the NYS market due to the regulations.

Here's the link to the webinar and other docs. https://www.sml.texas.gov/news/precomment-draft-and-stakeholders-webinar-notice-mortgage-regulation-rule-review/The second is a Maryland case The Estate of H.

If you're just starting out, you may want to try renting to the general population in the area before diving into a specific niche with more rules and regulations like section 8 which may cause more time and delay. 

What if you can get in, make all those moving parts work, then they changes the regulations there? 

You want a city that has red tape because what red tape really means is that there are regulations.

From a liability perspective in Florida, it's advantageous to have a limited liability company own the property, especially considering that you are getting into the real estate business and intend to acquire numerous properties. 

Plus, managing an LLC adds complexity, requiring adherence to state regulations and additional paperwork.

From what I have read, this is viewed as a "gift" and so the capital gains tax implications change based on local laws/regulations.

Any opportunity is too good for the law abiding citizen, unless he can bring to table millions of dollars , spend 60 hours on some BS course to acquire a license, to have every breath and sigh controlled, regulated, restricted, obstructed and sabotaged.