Being NYS, you've got to know Landlord/Tenant law or leverage someone who does.

Rent control laws are market specific.

Should I be concerned the bank may have issues with this? 

The worst part is they refuse to help me get the account back, quoting their terms of service and stating they are not liable for any issues with my account. 

Florida scares me with insurance issues and constant threat of hurricane damage.

This will avoid the asset having to go through probate and any 3rd party (family) related issues.3. 

Or this is a non issue if insurance coverage is not taxable.Many other thoughts and input.

However, the biggest con is that you are sacrificing a bit of your privacy by living right by your tenants and it is usually a lot more stressful since everything is your responsibility - managing tenant issues, handyman repairs, taking care of the lawn, etc.I would strongly recommend house hacking especially in the Columbus Ohio market!

If we bite off people’s heads when they admit disaster, it suppresses legitimate issues with these techniques. 

I'm looking for advice on whether I should purchase my father-in-law's 6 unit apartment in Burien, WA (10 minutes south of Seattle) as my first deal, or perhaps help find him a seller that would pay more than I could and is a couple years ahead of me in REI.