do a quick scan of the expenses: Are they at least 50 percent of the income? = 48% Expense Ratio $370,000 in Expenses $772,000 in Income This one’s a little low at 48 percent. If you want to be a conservative investor, then assume expenses will be a little higher, as in 50 percent.
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Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p136
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