My experience with this sort of thing is that once you have brand new A class homes on the block, 90% of your appreciation is already priced in.

Basically let them sort it out.

Worst they can do is say it will trigger the due on sales clause.

A realtor from the area told us that since the area was a retirement community 15 years ago before hurricane Katrina came through that unfortunately I should expect the worst in the situation due to death, land being in trusts, or successions.

im pretty sure your stuck with that for life. worst part about it is the monthly maintenance fees. pay them damn fees every month, no guarantee on availability ( they basically tell you when you can and cant stay). cant re rent it out either. more like a money pit then a investment. see people selling them for $1 on line (no joke) Ps.

We've also done MTM after a lease expires but usually have some sort of agreement on those that they won't move out during the winter months.

On top of that though, you're an independent contractor which essentially makes you a micro-business owner, and now you need to retain more knowledge than the average employed person about all sorts of business related things...

This sort of thing is done all the time. 

I say this as some sort of defense for my relative because I think they had a real interest in the upkeep of the neighborhood and not just money. 

Call them out on their slow response time.The agent is concerned that this deal will be killed by some sort of back end agreement that doesn't get properly notarized.