Question: You are considering developing a new apartment building with 300 units of 1,000 rentable square feet each. The expected rent is $2.00 per rented sf.

You are considering developing a new apartment building with 300 units of 1,000 rentable square feet each. The expected rent is $2.00 per rented sf. per month with a vacancy of 5% and 0.5% bad debt allowance. (Hint: Build a spreadsheet to answer these questions.)

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