Apparently there are some problems with the utilities that prevents them to work on the property. 

However, there is nothing I know of in the building code that prevent connecting doorways from one residence into another. 

Currently, there are no rules preventing owners from renting and about 50% are rented currently.

This prevents a large amount of burn/tripping hazards. 

The idea behind verifying the source of your down payment on an FHA mortgage is to prevent borrowers from provided money obtained from non-collateralized loans such as a credit card cash advance, payday loans, etc.Then there's scrutiny of the gift giver.

Lisandro Garcia banks have many restrictions and every year they add more to prevent any subject to in our market.

I think this is to prevent exactly what you're suggesting :)

Not there yet personally however, things like fancy cars and homes often delay / prevent one from a higher financial worth.  

Also, could there be any sort of association interest in a property that would prevent the new owner from developing? 

There are two types of PMs ones that react and do as little as possible and those that work to prevent problems.