The property is in a C grade trending towards B grade neighborhood, close to shopping, public transport, and a solid high school, has all new windows, updated roof, masonry, electric, and rear porch, and one of the 7 units was fully rehabbed recently.

@James Wise put together The Ultimate Guide to Grading Cleveland Neighborhoods.

Hi everyone, I'm wondering if anyone knows of a landscaping (or other) contractor in the Richmond area that could re-grade a back yard?

Darrick,Plenty of Houses are built on grade without basements.

Someone could be worth 50 million but if they have no guarantee or a single entity remote LLC it is worthless.You could have all that other stuff and they could simply walk away and keep running other locations of their businesses.If they are a large corporation you want to see if they are credit rated and then if investment grade BBB- or not.

If your looking for areas to hit and to avoid in Cleveland take a look at The Ultimate Guide to Grading Cleveland Neighborhoods.

So, I wrote a response explaining how I think the appraiser made a mistake counting the below grade square footage the same as the above grade (due note that this building is from 1901 and the foundation is limestone blocks).

Nicole,If you end up targeting the Cleveland area give The Ultimate Guide to Grading Cleveland Neighborhoods a read.

If the properties are in Los Angeles, Exit all of them immediately and let someone overpay in the current LA market, Then purchase an apartment complex at the Institutional grade that will deliver you a couple of million a year in cash flow.When I worked in Private Equity and a new client showed up with over 20 million worth of debt free real estate spread out over 15 or more properties, It always surprised me that consolidation into one asset never came to mind.   

I don't want to be a wet blanket, but below grade basements are often not counted in the livable square footage of a home, or valued the same.