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An investor is considering the acquisition of a distressed property which is on Northlake Bank's REO list. The property is available for $ 2 0

An investor is considering the acquisition of a "distressed property" which is on Northlake Bank's REO list. The property is available for $201,200 and the investor estimates that he can borrow $160,000 at 4.5 percent interest on an interest-only loan and that the property will require the following total expenditures during the next year:
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