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assume a property has a potential gross income that is one tenth of its purchase price. It has no vancacies. Operating expenses are 30% of
assume a property has a potential gross income that is one tenth of its purchase price. It has no vancacies. Operating expenses are 30% of effective gross income. Debt service is twice as much as the operating expenses. If cash flows before taxes are 10000 what price was paid for the property A. 100,000 B. 1,000,000 C. 300,000
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