You are buying an investment property. It is November 15^th. You get the following information from the seller: He says he gets rent of $1,100 per month. Collected rent to date shows to be $11,800. Property tax was $900 and Insurance is $1,100 annually. Utilities expense is $400 to date. Annual interest expense is $3,100. payment is $700/month. Annual depreciation is $1,673. He replaced HVAC for $1,250.00. Maintenance expenses were $500.00 so far this year.

What is the Annual Gross Potential Income above?

What are the Annual Total Operating Expenses?