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1. Why is illiquidity an important consideration in comparing real estate with other types of investment? 2. What are the main advantages of a residential

1. Why is "illiquidity" an important consideration in comparing real estate with other types of investment? 

2. What are the main advantages of a residential property as an investment? 

3. Why is debt service expense in an income property subtracted from net operating income to calculate pre-tax cash flow, while only the interest expense portion of debt service is subtracted from net operating income to calculate tax liability?

real estate

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