I am so focused on the wholesale side and I am just trying to change the way I look at deals a little to fit the wholetailing side. 

You are not changing the value (unless the purchase price is below market value...in which case I would use market value as the ARV even though not doing any "repairs").

Owner of a property in each city and now focused on investment opportunities with upside (renovations, change of use, working thru legal issues, etc.). 

I work full time as a corporate accountant and that most likely won't change anytime soon.

when you are buying a house on a mortgage as primary resident is it """required""" to change my current license to the new home or can i keep my current license on my old home and never change it?

If you're putting 20% or 25% down, you can waive the impound account entirely and pay your property taxes on your own when the bill comes, but this is just kicking the can down the road... your CoC ROI and Cap rate and all the other measures didn't actually change, you'd be "tricking" yourself if you calculated it such that they did.The same logic behind lenders using gross income for our math instead of net, for W2 people.

All those figures are going to change the way someone looks at the deal.Lastly, what is the opportunity cost?

Hired contractors for 95% of the work (we changed out fixtures and did landscaping).

Will the property type need to be changed legally?

Yes, right now you have no legit insurance, but this is where you may tip off the lender that the property has changed hands.