It's just curious to sign a one page offer sheet without seeing all the details, I have no idea if the bank will say in the addendum that there may be a 180 days deed restriction, nor do I know if the bank will ask the buyer to cut off ten toes...you can't sign up for something that has another 50 pages of something you can't see or read until later.

When developers are able to build additional floors on their property but choose not to or are restricted by reasons such as historic preservation, they are able to sell those developmental rights to other developers.

With this political risk our members of Congress insist on imposing on us, I just need to ponder what is the risk of loss and how much I can stand.

An example of a reason of restricting a second lien in the future would be like in construction financing.

Any restrictions will be contained in the Approval Letter, or the Arms Length Affidavit, which you won't get until after lender approval.

-does the condo bylaws have restrictions on rentals?

I have a MN realtors license and I can't pay a referral fee to anyone outside of the transaction, but I haven't heard of any restrictions for a non-licensed person (I'm not a lawyer, nor do I play one on TV).

Otherwise you will pay ordinary income on the sale of the condos & may be restricted from utilizing a 1031 exchange on the converted units.

Every bank I’ve consulted has a $50K minimum loan restriction.

A solution to Bryan's comment of losing the build is pretty simple, you use price with and without a build or you go further and use a deed restriction for the initial build under contract.