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when the figures come in lower than the rule of thumb, it means one of three things—all of them bad: 1. The seller is not doing regular repairs. 2. The seller doesn’t know the true expenses. 3. The seller is lying.
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owner: Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p136


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