7.7.12.1 Ancillary Income

A. The appraiser may consider other income based upon the operating history of the project only where these sources of income are common in the market. Other income might include, but is not limited to, recurring and reliable sources such as laundry facilities, parking, equipment rental, and vending machines. The appraiser may consider the net amount of this other income based on the actual (historical) amount received. Any projections of other income must be supported by market information and should not automatically assume a direct relationship to residential occupancy. This analysis must be discussed in the appraisal report