In this assignment, you will evaluate whether or not to buy a rental property. You are considering a 10-year investment. Below are the financials: Listing price is $324,000 Monthly rent estimate: $1,850 HOA dues: $295 per month Real Estate Taxes: $2,031 per year Allowance for maintenance and vacancy: One month's rent per year Property Management Cost: 12% of the rent Corporate Income Tax: 21% Depreciation: Straight line 29.5 years to zero (standard for all RE investments) Assume property price, rent, HOA dues, and real estate taxes will all increase by 2% per year. Your required return is 7% Would you buy this property? Now, conduct the analysis without a property management company (you will manage on your own), does your conclusion change?