Most have restrictions.

Joliet brings its own set of problems with the additional restrictions the city has been adding as well as the difficulties of working with the southern Joliet water district.  

Some areas have restrictions on mobile homes or rentals.Utilities: Ensure the land is equipped with essential utilities like water, sewer, and electricity.

Additionally zoning restrictions are going to all but eliminate most every plot of land in the Cleveland area. 

If you eventually convert the property to your primary residence and later sell it, the taxes would be prorated based on the ratio of time the property was investment property.These items should be addressed and discussed with your tax and legal counsel to ensure that the exchange is the best course of action given the restrictions and requirements. 

Additionally, FHA usually isn't the strongest type of financing and sellers don't like it as much because there's a lot more financing restrictions and the house needs to be pretty much turnkey.

Trustor will not permit any change in any license, restrictive covenant or easement without Lender's prior written consent.Now the practical answer is no one is coming to check on the property most likely, and unless you default no one will likely care.

Some areas have restrictions on short-term rentals or even renting out part of an owner-occupied home.

Amenities are a bit tougher with condos because they may restrict a lot of things. 

Restrictions on Mandatory MeetingsThe Worker Freedom of Speech Act prohibits employers from requiring employees to attend meetings that communicate the employer's stance on political or religious matters.