My reading of the rules and regulations led me to believe that the government is trying to force ground rents out of the picture. 

I do not know the specific regulations/laws in West Virginia, but many places require you be licensed.

@Sharath Kumar the pop corn ceilings could be a major problem along with any texture on the walls if they are asbestos or lead containing. there is no way to do it your self in Colorado both the removal of asbestos and lead are highly regulated by the Colorado dept of public health's air pollution division, it would be really dangerous to attempt to do this type of friable removal in an apt building because of the shared air systems used in the 1970's you could  contaminate the entire building with asbestos fibers or lead dust.

I reminded the CU that Regulation B §1002.14 applies in this case and now my LO is requesting permission to release the evaluation to me.That said, I've never heard of a "liquidation value" appraisal being used for a purchase money transaction. 

This is where if your area has related individual regulations you could verify that they are related and see if local regs would consider them related.

Here are my two questions...1) Has anyone done this in Texas, and where do I start in regards to zoning regulations to make sure I can split this up into 4 separate units?

That said, real property law and regulations are obviously not the same in other countries, so their markets will be different than what the US's secondary market looks like, allows and acts like.  

Its unlikely that 100 extra square feet would move the needle on the price.Also I would lean on your agents advice (Though if they are charing a half a percent, you also get what you pay for).Each state has different laws and regulations on how to measure square feet. 

My take is that if Patch of Land is strictly following their compliance obligations under the SEC and other State & Federal regulations, this should be taken as an extreme positive.  

Both companies are actually still using crowdfunding, because they are using regulation A+ for these 2 offerings.