Well, technically, we concede this concept isn't new.

Obviously, the more time between the distribution of the property and the sale of the property, the more likely it is that the IRS will concede that the property was held for use in a trade or business or for investment by the owners.

- conceding to being incorrect on this topic 

I concede that there are tons of ways to get your money out of a property, but this thread is about COC and this is what COC tells the investor.

My Premiere Banking contact conceded that their overall package was too aggressive for them to match.Their $895 closing cost package covers everything except odd days interest, transfer taxes, and buyer's mortgage insurance.

So, I concede.

However, I am willing to to concede my privacy on that matter if it allows the government to foil attack plans.It seems as though President Bush can do no right in the eyes of a lot of people.

@Brian PloszayI believe you, as I did scoop up a bunch of those and only regret the ones I didn’t because the seller wouldn’t concede a few thousand dollars here or there.

I have never found the need to carry a gun in the City but I will concede that even though there are boarded up houses in some areas I visit I avoid the more difficult areas.

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.