Thanks for the reply Benny, I know it’s a pretty basic question so I appreciate your input :)

%ROI = Annual rent divided by purchase price X100.

This formula is used to get an indication only of a properties potential return before doing your "due diligence".

Exactly the kind of information I was interested in, thank you

Thanks Jamie. I have one IP and my property manger for this is does a great job. His fees are more than acceptable for the job he does.

Probably more a question for my PM, but can you think of any extra fees associated with a 1 bedroom unit specifically for retirees?

Great information, thanks Shahin, this is something I would never take into account and is good to know.

I do not want to on-sell if I were to buy it, as I said previously.

When Shahin asked me if there were any restrictions in terms of finance, I took that as me having the ability to buy this property.

Ok thanks for the advice, will do re strata report. I will be looking into these things.

I have not seen a strata report and would not have known to get one as I am new to this, so great question. Finance for me will not be a problem and not sure what you mean by "onsell".

My idea would be to buy, eventually pay off and receive the rent as cashflow. Looking for possible flaws in this plan.