For my own SFH investing and grading properties for tax sale bidding I use;A = very nice areas probably to nice to be profitable as rentals.B= the kind of neighbor hood I want to own rentals, nice blue collar homeowner areas.C= Viable rental areas where there are landlords buying but I wouldn't want to own there.

John,You do not need all of that.What you need is a good commercial broker with a network of good lenders,title,etc.Each one of those types of assets of triple net you mentioned have their own finance structures.For example a pharmacy you can get in with 5% down and non-recourse with a 25 year term and amort.There are no rent bumps in almost all cases until the option period kicks in and it is minimal.Pharmacies are more like an annuity that you will own free and clear after 25 years throwing off good cash flow when it's paid off but being next to zero cash flow during the term..Until then you get depreciation.The lenders will usually go to DSCR of 1.01.With restaurants most are recourse unless investment grade and the lenders want a DSCR of 1.25 to 1.30.With restaurants you typically achieve rent bumps of 1.5 to 2 percent annually but because of DSCR are putting down 20 to 25% of LTV.How much money do you have today so far??

Quality or grade does not matter.

Just go with builders grade cabinets, tile, and a fiberglass tub.Good luck, if you're in the Denver area I could help you out with the rehab.

Once you sign up (it's all free), they can evaluate your current credit score and they'll give you an overall letter grade AND break down the different categories (i.e. open credit card utilization, average age of open credit lines, total debt, etc) and will give you a letter grade for each category.

How about asking him to provide his grades to you?

Seems to be a drag on the "investor grade".

Especially since a rental grade rehab (looks good but is hard to damage) is different than what appeals to retail buyers (the nicest finishes that fit within the area.)Buying and selling costs these days can easily eat up 12-13% of your selling price.

Appraisal standards state that if a home has 2 of the 4 walls below grade (i.e. up against earth) then it is not calculated as part of the Gross Living Area.

Whatever you are paying them, grade that against what pitfalls/money pits they may help you avoid; it may very well be worth the investment.