I'm starting to think I may need to change markets to the Tampa / St.

I don't think any changes will be made to rent control.

Even if the market conditions changed negatively but not drastically, the contractor is willing to absorb their share of the profits in order to protect the investor's share? 

Hmm but if i were to add additional capex and repair rates then that would still change that.

It is mostly just a guess because once you own a property it doesn't matter how much analysis you did everything will change. 

While taking the house itself I had mentioned to you that to get the carpet changed in the living room as its worn-out and when I took the house carpet and deodorization was in bad shape.

It took another month to to have it changed to the proper account.

I’ve heard of landlords offering to change the AC/furnace filter for example in order to see inside the home too .Best of luck .

My question is that if I get approval from the local town and the property variances are changed would it be allowed to convert said property into a 5 or even a 6 flex without any issues arising from the VA loan lender?

That gives us what we need for instance: Say the house is presently worth $120,000If the house sold for $100,000 in August 2013 and the interest rate at the time was 5% with 3.5% downPurchase $100,000Down 3.5% - $3,500Loan Amount $96,500Interest 5%Put those into a mortgage calculator and the payment is about $518 a month WithOut taxes or mortgage insuranceLook at the amortization table and after 5 years of payments the principal balance is about $88,615So, present value (PV) = $120,00Amount owing = $88,615Assumed Equity = $31,385Build a spreadsheet so you can change the variables.