In Book 4 (Alt. Inv.) , page 53 - non cash rent is included in the NOI calculation but in pg 57, we dont use non cash rent to get NOI
Can anyone tell me why?
I am not sure on this…
In Pg.53, non cash rent is subtracted from Past 12 months “NOI”
and in Pg.57, we are using Estimated CASH NOI… So I suppose, the item “cash NOI” already has factored in this amount of “non cash rents” and its already been subtracted, which is not the case in Pg.53 where just NOI is used (and not CASH NOI)…
Please correct me, if i am wrong !
Thanks… 
Schweser are saboteurs…yet i buy them every time.
An appraiser who wishes to value an unusual property is most likely to estimate the value of the property using the:
A) income approach. B) cost approach. C) sales comparison approach
B) cost
Am I right?
scswer q ban says c