I was thinking of doing a bit of touch up. However the house is in a pretty good order although it is not fantastic. I am not sure if huge renovation will make any different in the term of value.

The expected rental return is around $400 a week. Newtown is 5 km from city and 1 km from Sydney uni. It is quite a vibrant and funky little suburb. The location is superb so I think the growth prospects is very good.

I have been offered a property in Newtown where the vendor willing to offer vendor finance. I only need to put down $20K deposit. I will able ot save heaps in mortgage insurance. However, the repayment is a killer. Do you think I should take up this offer or rather use my cash for the CF properties ?