Chapter
1
Appraisal & Property Requirements
Page
1-03
When using the URAR for three and four unit properties the appraiser
is to complete the Gross Rent Multiplier calculations and analysis.
If the FNMA 1025 - Small Residential Income Property Appraisal Report
form is used then completion of the GRM
section on the form is acceptable. See the recommended
GRM form, sample, and
HUD
handbook 4150.2, "Income Approach".
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