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(a.)What is the projected NOI after the renovation and how much could you spend on the renovation? Assume: 11% return requirement after the renovation $1,200

(a.)What is the projected NOI after the renovation and how much could you spend on the renovation? Assume: 11% return requirement after the renovation $1,200 rent per unit per month in better-managed, renovated properties. 5% market vacancy 8.75% cap rate for purchase

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