You can install it in basements below grade, etc, due to it's minimal expansion and contraction (in comparison to other wood).  

But the lesser grade lumbers like #2 offer a great value and the irregularity can add tremendous character to your rental. 

I think it depends on the grade of tenants.

In your case it depends on who is responsible for whatever and how much time dedicated Grading of deal.

Here in Cleveland just like the rest of the country we have many neighborhoods with homes priced well about $300,000.I created The Ultimate Guide to Grading Cleveland Neighborhoods to give out of state investors like yourself an idea of what's what in our market.

I'm not sure about the long-term economy of my hometown, Price Utah.The biggest and most reliable employment in Price is with education as we have a branch of USU in town and various grade schools. 

Although for different reasons, I upgraded to a house way above my pay grade years ago.

I see a lot of mentions of neighborhood grading.

I plan to buy around 20 of these before I move onto either commercial or notes  How would one find out what letter grade a neighborhood is?

I created The Ultimate Guide to Grading Cleveland Neighborhoods to give out of state investors like yourself an idea of what's what in our market.