Moreover, our loan covenants also have restrictions.

The advantages to those are that there are less restrictions, less competition and lower purchase price. 

Reno is also geographically restricted from over building forcing appreciation.

They may be able to transfer title to LLC after closing, but it will be best to check with your lender if there are any restrictions to do so prior to that lender selling that loan in the secondary market. 

It is a very competitive market here with restrictions all over the place. 

Pete Beach have short-term rental restrictions.

If they do not, I submit it's quite easy to do an internet search to find out what restrictions there may be in your state.

No restriction to places with unique laws such as San Jose.There is  abundance of opportunities.  

LTR is always way better at the end, much less headache @Carlos Ptriawan Do you see the same STR restrictions in NE Lake Tahoe (NV side)?

Rather than accept an offer to cash out (offer restricted by current appraised value which because of recent vacancies was low) I chose to sell on a wrap around note.