Hi,
We are in the same situation as you basically. However, we are going into business with family and setting up a company as a trust to offset tax etc. We are into looking at renovations/ and pcf. We are very nervous but have taken a big step on going into a joint venture with a family member. We provided all the capital and they do all the property management and reaping a 50% split on the profit. Now we are ready to go alone so basically looking at properties in our area and follow the Check lists on what not to buy (a lemon). We are very nervous but have the confidence that we can achieve this. There are 4 of us in the company and we all compliment each other in terms of skills. Both the woman will work full time for a while to keep the Men and us clothed and fed. The men will work 3 days a week initially and then work towards full time investing. We are saving money by renting a granny flat from our business partners which works in well for both parties. Wish us well, and watch this space[biggrin]

Dian Edmondson