The relative location

The relative location. This will be the only factor in which you must use some judgment, and it will not be difficult. You are asked to grade the location, using the yardstick of the class of quarters you are offering for rent. This has been previously discussed. Have no fear that you can go far wrong on this. You simply decide (perhaps with your wife"s help, and the knowledge of how long the tenants have occupied) whether this location is going to suit the people you want as tenants. How well you believe they will be pleased sets the grade. Decide whether the location for this class of tenant is:
Excellent
Good
Fair.
The only time we are concerned with grades lower than this is for appraisal purposes - not for the purpose of buying for ourselves.