It is being fully understood that except as specifically set forth herein, Grantor has made no warranties, express or implied pertaining to said property, the condition thereof including but not limited to, matters relating to environmental conditions or hazards on the property"Then later on its says " We are the sole owners of the premises and have good right and title to convey the same in manner aforesaid, and that they are free from every encumbrance, except as aforesaid and WE hereby Warrant and Defend the same against all lawful claims....."

They do not want to be limited to a cost they give you and then the scope changes or gets larger or more complex.

Have you had any issues/limitations with HOA rules regulating the amount of rentals in the complex? 

I declare Vegas off limits for me for awhile. 

A single mobile home is not allowed to be placed inside city limits, and MHP's must be 5 acres or more, and conform to specific construction standards. 

Here, there are no upper limits to how much an investor can invest in a 506(b) or (c) but there are for other offering types.Do you have offerings where there is no upper limit?

Its nice to not feel limited but it is a lot to keep track of.

Exactly this example - selling agricultural and purchasing a multi family residential rental building.One limiting factor though is going to be that you will need to take title to the new property as the same taxpayer that owns the old property at least initially. 

In most cases, if you buy with a conventional loan then you do not need to live in the property and are free to rent it out immediately, however , if you qualified for the loan with the subject property being a primary residence on your loan application than you must occupy the property for at least one year. 

You do not need to decline any applicant simply find a better qualified applicant and let all others know the unit is no longer available.