203K is not affected the addition of units. 

For mid-term specifically this is probably more of an issue because it will take time to get those additional reviews and recover.  1 review every 3-4 months if they leave one. 

I'd recommend that you weigh the potential benefits against the additional workload and potential difficulties that comes along your way.

Many lenders will charge additional rate increase if loan is under $150K.

With the right strategy and market insights, leveraging your VA loan for maximum benefit is absolutely achievable.

Try this device to measure the noise: https://www.amazon.com/Indicator-30-130dBA-Detector-Temperat...You can also stick the same device by windows and doors to see if temperature drop - which would indicate an insulation issue.In addition to getting an Energy Audit, you may also want to look into any state, local or utility programs that offer discounted or financed energy improvement programs.

I also think the current climate to buy is bad and has been for a while now with no end in sight. 

I focus on spec houses and townhomes in the Dallas.Looking forward to connecting with fellow investors, sharing insights, and collaborating on exciting ventures in the Dallas real estate scene.Let’s build something great together!

All insight is appreciated!

Thank you for your insight!