In my mind though, since I live in NY, own the property in NY, doesn't it fall under NY laws anyway?

Almost every year it seems that there's a new bill up for vote putting various restrictions on STRs, the current one being that it's illegal to rent out your home if you live there less than 120 days per year. 

Quote from @Jordan Ornelas: My name is Jordan and I live in Lynn Haven, FL (Panama City).

I have around 70k to get started with and a government pension to live off. 

Are you planning on renting out all four units or living in one?  

It means you buy a place with more than one unit, live in one, and rent out the rest.

I have always been passionate about creating quality homes that enhance communities and provide families with exceptional living spaces.

I live in Southern California and want to purchase my first property out of state since the market here is so high (over my budget).

The neighbor behind my rental is owned by a woman whose daughter and her partner are living in it.

I live in southern Ontario in Canada, and here if a tenant doesnt pay the water bill it goes onto the landlords taxes.