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I have two questions regarding this set:
1. it didn’t give you gross income, but the answer actually used NOI for calculation. is it normal to do this?
2. the debt service in the question only included interest payments, so it is deducted before tax; how about if principal service is involved? is it deducted from after tax cash flow?
I got 4/6 on this set … but 85% for the whole AM, I am still wondering how did I do that …

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