Would not recommend investing remotely until you have some local property management experience. 

You should call a couple local banks to discuss the types of investments you may be looking for.Alternatively, a great strategy for someone just starting out is House Hacking.

I’ve connected with some realtors through my cousin, even started taking some agent classes at KW just to meet some people and network more, also tried connecting with a local broker I know.

You will likely be losing the right to a homestead exemption, so let your local municipality know. 

I’ve approached a local bank in Upstate New York offering a 30-year loan with a 10% down payment.

Hey Caleb, There are a couple local REIA groups that would be good sources to come network with local investors.

If true this could take a significant bite out of STR income streams.I'm wondering if any locals have heard this or know more?

If you are just starting out and you are local, I would highly suggest self management.

Doing a BRRR strategy in the house you is not difficult, especially when connecting with local investors already doing it.

If you have that experience, look for a local commercial lender.