They measure market perceived RISK not profitability. 

And then a minimally upgraded flooring choice may translate to reduced wear and tear, and therefore, less future capex costs and higher perceived value to a tenant or prospective tenant.

Right now competition is lower because buyers are scared off due to what they perceive as higher rates.

Thus, a low cap rate is indicative of lower perceived risk, for one reason or another.B: There is a relationship between the interest rates and the cap rates.

So, to separate the rare newbie who is willing to do the real work at educating himself on what really is necessary for success from the people who want to take what they perceive is the guru/mentor shortcut (or the “cheap” version in which instead of buying the program you hang around the edges seeking “free” information from those who have paid for those program) I will not answer specifically as to why the program they’re suggesting won’t work or is too risky or borders on illegal.  

COVID greatly impacted what people perceive and feel about their economic situation in general.

Others come in here asking basic comments they can google; or have some desire for people to walk them through a perceived get rich element they feel will easily make them a wealthy in a few easy months.

So the tax consequences may be different than what’s perceived.  

You seem not to perceive the basic concept of why they may not be responding to you.

I think some investors will try to skirt the building inspectors and not permit/strategically permit because of the perceived hassle, cost, and added timeline of dealing with the local building department.