General Appraiser Income Approach (G-7) COURSE DESCRIPTION This 60-hour course is part of the General Real Estate Appraiser Certification series. These courses must be taken in sequence. PREREQUISITES Basic Appraisal Principles (R5) Basic Appraisal Procedures (R6) General Appraiser Market Analysis and Highest and Best Use (G4) General Appraiser Sales Comparison Approach (G5) General Appraiser Site Valuation and Cost Approach (G6) COURSE OUTLINE Program Overview - The following topics will be covered: Compound Interest Lease Analysis Income Analysis Vacancy and Collection Loss Estimating Operating Expenses and Reserves Reconstructed Income and Expense Statement Stabilized Net Operating Income Estimate Direct Capitalization Discounted Cash Flow Yield Capitalization Partial Interests Income Approach Case Studies