Normally, unless there are specific building code restrictions, the amount of units allowed on a lot is determined by the Floor Area Ratio. 

We also are very verse on the Property Code Laws of what legally we must do and what is just good business.So @Ian McClure to answer your question, it would depend on how the new tenant was on boarded and what kind of business the owner runs concerning his property

Or any specialized tools. 

However, while speaking with a company who specializes in Va assumptions, i was told that with VA is possible to assume For investment purposes and there’s no residency requirement.

You have to know the landlord tenant code regarding proper notices etc.  

If they only look at comparable sales, they will be including Handyman specials/fixer uppers in their valuation.

While condos might be all someone can afford to owner occupy or invest in enter at your own risk and if they are talking about future special assessments you will likely scare future buying prospects away. 

I'm located in Youngstown, OH and specialize in purchasing and rehabbing distressed properties.

I had a really good experience with Veterans Lending Group. https://veteranslendinggroup.c...They specialize in helping vets with VA loans and will walk you through the entire process.  

The key is to find someone who specializes in real estate, as they’ll have the specific knowledge that applies to your investments and can provide tailored advice.Even better, if you can work with an EA or CPA who actually invests in real estate themselves, that can be a huge plus.