Non restrictive!

I've seen STR restrictions for LV, but not sure what they are? 

Of course I am considering Sevier County TN, but there are so many new rentals coming on in this market, and I am thinking the supply will outpace demand.So, I have been looking into other markets for this concept -- namely Chattanooga, North Georgia, surrounding east Tennessee areas, and even NC Mountains (Robbinsville etc.)In these other markets, land is about half the cost, and they are much less restrictive about the structures / STR regulations etc.

I know that there is a surge of restrictions on STRs in many cities/counties nationwide.

It was a setting on Pricelabs that was putting restrictions on her property's availability.

The law prevents excessive subdivision by restricting who can split and how often, ensuring that newly created parcels remain practical for development.

This is a needs-based use, so it has recession resiliency, but many states also have development restrictions so you don't see the over-building problem like we've recently seen in self storage and multifamily. 

Are there any tax consequences or restrictions in doing so?

A few neighborhoods and suburbs that I like to recommend:Saginaw & North East Fort Worth – Good rental demand, strong schools, and proximity to major employers.Watauga & Haltom City – Affordable options with good cash flow potential, though some areas require more due diligence.Crowley & Burleson – Growing suburbs with newer construction and stable rental demand.White Settlement & Westpoint – Close to Lockheed Martin and Joint Reserve Base, which helps maintain rental demand.If you're planning to invest long-term, you may also want to factor in property taxes, HOA restrictions, and landlord friendly laws in Texas.

This causes them to add restrictions, or just pull out of the market all together.