However, interest rate risk is a key factor—if rates rise or lending conditions tighten, refinancing may not be as favorable.

After that, you are free to use the property as you wish with zero restrictions.

My local municipality is changing ordinances to be far more restrictive, and I notice a number of houses up for sale that were STRs.  

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

For instance, and in brief only using one concept (not meant to be the full list of criteria), a rural property has a population restrictions and proximity to Metropolitan Service Areas ("MSA" - think big city area) as some restrictions.

Check the Association & Rental Restrictions•If the property is in a condo association, verify whether there are rental restrictions (e.g., one-year ownership before renting, minimum lease terms, or rental caps in the community).

Work with multiple brokers, as a buyer - don't restrict yourself to a single broker.

Hi AllIn 2019, Des Moines introduced limitations on STRs. Can anyone confirm the 120 day max limit is still in place? I read there was some frustration with this by STR ownersThanks in advanceRobin

Most have restrictions.

Is there restriction on STR around Pinecrest lake?