Then, there is the other school of thought that you should invest in areas where there is decades long history of being a vacation/resort spot so that legislation is not likely to restrict renting in the future.With everything that has happened this year I would like to choose a market where this risk is lower.

Not too mention it would take a ton of money to get into one rental property, and the local legislation & taxes are not at all favorable of landlords. 

Seattle is the first city to enact such legislation and they are currently being sued.   

The leases are time tested, have evolved with local state legislation over the years.

The City of Norfolk actually has some legislation coming out that doesn't necessarily *limit* STRs, per se, but the legislation is making it so that if you have an STR property, 1) You have to get in front of the local civic league for a meeting with them and they will give their recommendation to the city of Norfolk. 

As you pointed out, it is the NYS legislators that created this dynamic and they are the ones that rectify this matter.

So if that subsidized housing applicant has multiple evictions, and is a bankruptcy risk because everything on their credit is maxed out, the landlord still has to look the other way and accept them as a tenant.Why would the government work so hard to legislate "acceptance" of Section 8 tenants at gunpoint if it's great for landlords? 

All have passed legislation within the last 18 months or so. 

Have you documented your troubles ... other than here on BP ... so that you can either write a book or have a reporter cover the story or share it with your state legislator (like that would do any good)?

What if all tax rates are revised by new legislation?