Isn’t this property a little far off the 11 sec rule? Are you intending to put a fair amount of your own money in as a deposit? I am just wondering how everyone else seems to find cashflow positive deals.

Our tenants recently signed a 12 month lease. At that stage we had no intention of selling the property. About four months later we decided to sell but realised that we could only do so if the new owner will honour the remaining term on the 12 month lease – in other words, we had to sell the house with the tenants, hence cutting our market to investors only. As far as I know, there is no way to terminate a fixed tern contract. So in that sense, if you have any plans to sell the property, I would go with a periodic lease (month by month).