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1)4 key line item that should be included in every buyer's pro forma: Repairs Vacancy loss Property management Misc are each of the above equally
1)4 key line item that should be included in every buyer's pro forma:
Repairs
Vacancy loss
Property management
Misc
are each of the above  equally significant? Are they each equally difficult to assess in practice?
2)What impact the net operating income ?
3)What about a margin account that permits loans for any purpose? Do you view this in the same light? Is there room for all types of leverage?