Thanks Kinnon,

Appreciate you taking the time to reply, your information is very helpful and makes a lot of sense, especially the idea of reverse engineering a plan which I haven’t ever thought about but will certainly be drafting something up.
There is one question that has come to mind and that is the amount of LVR I should be using.
I am looking at an initial purchase of 350k for the prop I have in mind.
Meaning a %20 deposit of 70k (avoiding LMI) and leaving enough to start renovating and have it completed in 2 years with my current savings around $3500-$4000 a month.
Do you think it would be wise to go with something more like 90% LVR or even 95% LVR and cop the LMI sweet to get the project completed in a shorter timeframe? Potentially 12 months instead of 24 months.

Once again thank you kindly