#1) Did you go on the Course field trip to inspect the Macon Ga.
duplex?
800 & 804 Patton Ave, Macon, GA 31204 
a) Yes or No 
b) Apply the Highest and Best Use theory on the Macon, Ga properties.
Explain how you get to your opinion of the Highest and Best Use of the
two subject properties. 
c) Using Zillow.com determine the market value of both lots together
800 Patton Ave & 804 Patton Ave
#2) You need to build an annual Net Operating Income (NOI) for an 8-unit Apt
building. Use the data below: 
A. Eight 2-Bedroom/1 Bathroom units 
B. Rent: $2,000/unit/month 
C. Operating Expense 25% of Effective Gross Income 
D. Vacancy and Collection 10% per year 
E. Property Real Estate Taxes = $20,000 
#3) Read the story by Henry Bland (PAGE 36) in the Oral Slave History GA PART 1
book. 
A. What was his early years (Before 18 yrs old) like ? 
B. Describe the planation enviroment. 
C. Let me know what happened in the rest of is life.
#4) From question #2, you developed an Net Operationing Income. Use the three
Capitalization Rates of 5%, 11% & 20% to determine three different market
values for the subject property. Once you calculate the three market values,
determine the relationship between the Calculated Market Values and the Cap
Rates you used. 
#5) What are the three approaches to value? Name them and then define them.