@James KhailCA is still a tough market with the taxes and pro tenant laws. 

Airbnb had a big push recently showing how they believe this has hurt the NYC market not only for tourism (hotel prices soaring compared to other areas) but LTR rents have went up still as well.

- YesAre there still huge tax benefits?

You are being very broad- each market is it's own market- and you can't categorize this broadly.

Typically larger groups have more people splitting the cost and it has not affected us in occupancy versus our close competition.I would maybe be wary if you are in a hyper competitive market or market segment. 

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

Currently looking into doing a BRRR or a buy and hold in the FL market.

Any one can validate this in their market. 

They did a fantastic job renovating this home and several people fought over it when it came on the market!

Your experience with listing the property for sale in a high-interest market highlights the importance of market timing, and it's great that you adjusted quickly by renting the property instead.