City Suites has 32 office suites each rented for $500/month with a 15% vacancy rate....
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City Suites has 32 office suites each rented for $500/month with a 15% vacancy rate. The owner has the following expenses; heat $10,700, electric $7,300, water $3,700, marketing, advertising and salaries of $92,000, insurance $5,300, mortgage interest of $27,560, property taxes 11893, and maintenance 10911. What is the property's net operating income? round answer to the nearest dollar. Your
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