I will throw out some hypothetical numbers:Rent ready costs for minor repairs or updates $1000 (after 6 years a property may need even more than this could be thousands to bring the property up to market quality)Vacancy let's assume it waits one month so $1850Leasing costs, typically a PM charges 3/4 month rent, so $1387.50Total turn over costs would be $4237.50Let's assume you can keep the old lady if you concede to just a $50 increase, so $1600 rent.

Barbara Boxer is conceding that bill will have to be watered down to pass the Senate.

@John D. much like a seller presented with an inspection report they hoped to avoid, I concede your point and it is well taken.

While I'll concede that a small amount invested over time is effective in building wealth (albeit not a large amount of wealth, nobody is retiring on the 100K they saved by foregoing lattes), the thinking is upside down.

I'll also concede that he may be very good at negotiating settlements but again, that's not getting somebody evicted in 2-3 months, it's simply negotiation.

I don't think anyone here is naive enough to believe Torrance SFR prices are the same from 21 years ago.I concede!

Even those who say that VRs CF would likely concede that their money and time could be spent more productively elsewhere.

Although I definitely don't think that it was worth anywhere near that much money, I do have to concede that I don't know if I ever would have had enough courage to do my first deal had I not had someone there to hold my hand.

They are only asking for you to concede because all they are thinking about as their risk is that $1000.

If/when we concede that the data supports this conclusion (Real Estate Market trends are Credit Market driven) we can then look to the credit market for clues to the future.Don't forget to show your work Ben :)