In regards, to the rest of your post, I think you hit the nail on the head.

Because if your goal is to look like a fool, then you nailed it.Before continuing to spew negativity and unwanted opinions, why don’t you let the community know who you are and what your experience in real estate is so that we can know whether to listen to you or not.

Someone to put some nails into the wall?

However, I think you hit the nail on the head.

LolSomeone once told me cops are a hammer and they see everyone as a nail.

I am currently trying to nail down the same thing.

I like the idea of nailing to the underside of the joist.

@Courtney Buck nailed it with some local concerns, and some of the other posts in this thread have been great as well. 

Flooring can go either way too: if it's permanently attached like nailed in hardwood or grouted in tile it's 27.5 year, if it's not permanently attached like tacked on carpet or floating laminate it's 5 year. 

@James Gallagher@J Scott  hit the nail on the head.. even though your deals have high Cap rates once you split them your talking about marginal returns with high risk.if there was a chance at rise in value as well that could be a game changer.. but I would submit that what your buying probably has little to no chance of any significant rise in value and that the value to other investors given risk reward is to back into the same cap rates your buying at.. so unless rents went up substantially your values will never rise.