My thoughts are if looking to rent on a bedroom basis, it is most likely going to be to single adults, whom I would like opt to live as close to downtown St.

It has been this way since 2019.NYS now has statewide rent control (also since 2019) - each municipality need only opt in. 

•Management complexity: Owning multiple rental properties can be complex and time-consuming.

I'm looking to generate wealth that will allow me to retire as early as I can; however, I'm looking for something that is as passive as possible as my current business is very time consuming. 

But depending on the nature of your tenant they may just opt to stop paying rent, walk,  and see if you chase after them - to which the usual answer is: it probably isn't worth it.So what we do is say, "Look - the lease says 2 months -but really we just don't want to be out any rent.  

So while I can't claim to speak for every financial institution out there, it's a very broad survey, finding an option not contained there might involve making quite a few phone calls.When I see 30 year fixed, 30 year amortization, 30 year maturity (basically, identical terms to a consumer-friendly kid-gloves home loan), which does in fact pop up if I specifically search for it, it's almost always at a rather high interest rate, and the borrower doesn't opt for it.

But I see little to suggest it will lead to anything meaningful for consumers.

The Annual Allowable Rent Increase effective August 1, 2024 - July 31, 2025 is based on the lesser of 4% or the change in the Consumer Price Index (CPI) for the Los Angeles-Long Beach-Anaheim metropolitan area.

All licensing does is provide a consumer who has been ripped off or taken advantage to have some means of regress against a crook.

I second @Bonnie Low with the rec for Baseline, if you have 1-2 properties it's easy enough to keep your books and accounts straight but any more than that gets tricky and time consuming!