1) You are buying an investment property. It is October 15^th. You get the following information from the seller: Collected rent is $10,000. Property tax and Insurance is escrowed and $950 to date. Utilities expense is $800 to date. Interest expense is $900 and mortgage payment is $1,450 per month. What is the Annual Net Operating Income?

2) You are analyzing an investment property. You have calculated the Net Operating Income to be $8,000.00. After further investigation, you find the owner replaced the roof at a cost of $2,200.00. You also notice his debt service on the loan was $3,000. What was the cash flow?