OK, so ive got myself a basic plan.

I'm meeting with the bank on Wednesday to get pre-approval.  I have researched my options and loans and know what i'm after.

I will then source a Conveyencer and get advice.

Once i've shopped around and found a house that i want to make an offer on i will make the offer and if accepted I'll sign a contract of sale at which point i will nominate my Conveyencer.   In my offer i will have conditions such as – subject to pest and building inspections, subject to finance, subject to 14 day cool off period.  I also take it that at this stage i will be required to make a deposit which will be detailed in the contract??? 

Then i will get my inspections completed.  If all is well, continue with the sale.

Once the settlement date comes- the rest of the money and documents are exchanged.  At what point to you buy house and contents insurance???  As of the settlement date?

I plan to rent out two rooms and pay off a heap of my loan ASAP and once I've got the equity buy an IP.

Any advice appreciatted.  Sorry for the very basic questions….

I will definitely be getting building and pest inspections done. 

I just figured you could make an offer, subject to pest and building inspections.  That way you only pay for inspections where you know the seller is serious about selling the place to you.

Otherwise you may pay for the inspections, make an offer and find that the seller isn't interested in your offer.