I find that the hollow core doors also chip at the bottom and tops and over time look bad. 

In a nut shell, its nuts out here;)Here are some TH and multis getting built in Sherman Oaks....all 3+3s

I have a great deal on a 3-bed, 1-bath, 960sf bungalow with basement for $26k in Oak Park, Mi.  

We spent about ~$100,000 for a broken down 473 sq ft house that was formerly a chicken coop near downtown Royal Oak, Michigan.

It's time to consider taking some chips off the table when nothing meets your underwriting guidelines.  

Tenant/Buyer understands that disturbing painted surfaces may create paint chips which contain lead, such chips being hazardous to the Tenant/Buyer, other workers, and any occupants in the property.

It seems like a bargaining chip but I don’t know enough about this sort of thing.

But let me take it a step further:My statement regarding single family cap rates Chip found looking low, was based on what I am seeing currently in the market in Houston.

start by figuring out if the area in the county is incorporated (ie Citrus Heights= incorporated vs Fair Oaks is not) then go down to the planning department to see how easy (cost + time) it will be to split the lot.  

You might try chipping/chiseling it in a inconspicuous area to see if it falls off.