GEHA is the Government Employee Housing Authority. They lease houses for their employees, usually on a long lease with an option. Their standards for what they will rent are usally pretty high so you have an indication that the house you are buying is in good condition (of course you still have to do you P&.

Just a comment on the timing: My partner and I have invested mainly in NSW/Hunter Valley and I wanted to buy a IP for myself (haven’t been able to prior as I was a student on casual income)- I first started looking for a reno property for 3 months and made at least 100 offers. I found about 3 but in the end none worked out. We then had no time to renovate anymore as we both went back into fulltime employement with no leave left.
So I decided to look for an IP in WA- i had heard of a few areas through a buyers agent but not looked into it myself. I drawled the internet and within a few days had found 4 properties that were +CF and leased for at leased 12mths. I spoke to a few RE agents and did my research on the area. After talking to a RE agent and telling him my requirement, I ended up buying none of the 4, but a GEHA leased property that the RE agent told me was coming back on the market after the finance on the deal had fallen through. That all happened within 2-3 weeks.
Morale of the story: do you research, spend time looking through the ads and speak to RE agents about what you need and ASK if they have anythiing else on the books. Shouldn’t take you more than 2 weeks to find enough to make offers on.

Bec