Hi

I'm new to this site and positive cash flow investing and I'm enjoying reading your forums.

I've been looking at IPs to invest in and am having trouble finding positive cash flow properties in SA using Steve's rule of thumb of dividing the rent by 2 and x 1,000. I'm also disadvantaged because SA is the only state where I can't vendor finance. Should I be looking in other states because wraps seem to be Steve's preferred investing strategy? 

I've seen a Defence Housing Property that claims to be 4.75% yield, which isn't great but is guaranteed. My question is how do you buy a property with a 5-6% yield without being negatively geared if you don't have a lot of cash to put into it? I know the answer is probably that you can't!

I'm using the equity in our home to purchase so can't be too negatively geared as I would only be able to buy one property. I have also been looking at subdividing or renos. Do any of you investing gurus out there have a magic formula?