The reason cities pass legislation is to avoid entire neighborhoods from becoming hotel complex.

From what I've heard, it can be lucrative but the legislation change for laneway housing is fairly new. 

There has been new legislation in LA regards notice and where and to whom it will apply.

Both Portland and South Portland have made rules and legislation to curb short term rentals (1 month or less).

Meanwhile, the PAID tenant advocates are riling up the voter base and thus the legislators with their biased messaging and agenda.People are leaving NYS in droves, so if you think that's a myth, you are either reading the governor's propaganda or just ignorant. 

If held for 10+ years you get all of the benefits of the legislation and as you said, all of your gains would be wiped out if sold (actual language is that your basis is increased to the FMV of the property on the date of sale).

They are obligated to tell you the truth but only if you ask.3) Reading up on local legislation, so you know if something in the market is shifting.

I just don't understand the rationale toward large scale rent control occurring across the nation other than legislators passing something that sounds good to voters but in reality has very little historical data showing it actually improves anything. 

I would have expected STR owners to welcome legislation like this, since it actually protects their neighborhoods and their investments.

The monroe county website is pretty good for finding the tax information  to run realistic numbers.Also NYS passed some new legislation regarding tenants rights, which may make things a little trickier.