Question: Net Operating Income ( NOI ) is best defined as: Gross rental income minus operating expenses ( before debt service and taxes ) The property's

Net Operating Income (NOI) is best defined as:
Gross rental income minus operating expenses (before debt service and taxes)
The property's resale value minus loan balance
Income after mortgage payments and taxes
Annual depreciation expense plus net income
Net Operating Income ( NOI ) is best defined as:

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