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Net operating income measures the ability of a property to produce an income stream from operation.

  • Reserves for Replacement — Reserves are funds set aside for major future maintenance items, such as a roof replacement, or air conditioning repair.

  • But Shin proposed a magic fight instead, offering only to pay if Noi managed to defeat him.

  • When determining the net operating income, it is important to differentiate between costs that are unique to the property itself and costs that are specific to the investor.




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