Found this for Reference, @James Wise put together a pretty good analysis which is worth reading:https://www.biggerpockets.com/blogs/4704/42419-cleveland-neighborhood-grades

Experts, what grade of property do you rent, and what are your tenant standards?

Brighton Heights imo is Grade C/B.  

They are hands-off, institutional grade real estate investments, and they allow you the option to diversify.

Standard grade stuff will save you a few hundred bucks but nice finishes sell, especially when it comes to kitchens and bathrooms.

How much per sq ft on construction for basic units, mid-grade, high end etc?

Cleveland & most of the suburbs on the west side (except for Lakewood) do not have a POS requirement.For more information on all the neighborhoods we have here in the Cleveland market I recommend giving The Ultimate Guide to Grading Cleveland Neighborhoods a read.

Free education is the basis of our education system in America till 12th grade.

His average all in is 42k in a more rural area so he figures if he loses one someday his losses are somewhat capped.We prefer higher grade assets, so we go with replacement coverage.

Then decide on what deal size to focus on.Mop and pop retail under 1 million is different then high grade national tenant commercial retail.Further break it down to vacant,value add, stabilized.