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44-46 are based on the following facts; A property consists of 6 apartment units, with a market rent of $500 per month per unit. One
44-46 are based on the following facts; A property consists of 6 apartment units, with a market rent of $500 per month per unit. One of the units is occupied by the apartment manager, who receives free rent in return for managing the complex. Average bad debt and vacancies account for 10% of total rental income, and annual operating expenses are $15,000. What is the property's annual potential gross income
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