Problem 2-1 1 Assume the facts of Hocking but modify the pooling feature in the following way. Rather than pooling the income and expenses of units available for rental, income and expenses are allocated to the units actually rented for the period of their rentals. Through an automated unit assignment system, renters are assigned to available units in a way that assures a fair allocation of rental incorne among the owners. Would the result he different?r See One Central Park West, SEC No~Action Letter (Nov. 2, 1995)