Price per unit reflects the different areas and how "rough" it is. 

@Bing Lin, The way in which you and your wife are reflected on deed probably isn't that big a concern with the 1031. 

Hopefully with all these potential cost savings it will be reflected in your bottom line

You are a reflection of the five people you spend the most time with. 

People apply for 10 credit cards in a month when they are on a downward spiral financially, and FICO reflects this (this will nuke your FICO score).

Cap rates are a reflection of asset risk, so I'm ok with a 5 cap, as long as I buy it at a 6. 

Should I adjust the CAP to reflect that In my due dIlIgence or is it normal for these smaller buildings (whIch I assume is self-managed) to not include a management fee in the CAP rate?

Most likely it would be obvious - two electric meters,  two mailboxes,  etc,  and might already reflect that use on county records.   

I would expected that rehab should be reflected in the appraisal value, but other factors such as tenant placement which are valuable to me as an investor, would not show up in the appraisal report.

The market is starting to reflect this.