But in all seriousness, there will also be covenants around renting.

Tenant covenants and agrees to pay interest at the maximum lawful rate or eighteen percent (18%) interest, whichever is less, compounded annually, on all unpaid Rent, damages, and other amounts owed by Tenant, excluding late fees, from that date of Landlord’s final accounting until such time Tenant pays all such outstanding amounts.

In other words, in the eyes of the IRS, the LLC would be non-existent. 

Curious how this will play out in the courts (granted it's LTR) and affect pricing products used for STR such as PriceLabs (which I use but have to seriously manually adjust for very specific reasons). I'm aware that ...

The covenants state that the property can’t be subdivided.

NOT a Quitclaim Deed, as you may often see online, because Quitclaim Deeds do not fully warrant the rights and covenants of property as does a Grant and/or Warranty (or equivalent depending on state) does. 

Based on that range, I have been eyeing SF's in IN and OH.

Possibly break loan covenants and can't cure default, lender takes back property.  

Have contracts or covenants that keep newer homes there and keeping yards clean.  

NOT a Quitclaim Deed, because Quitclaim Deeds do not fully warrant the rights and covenants of property as does a Grant and/or Warranty (or equivalent depending on state) does.