Thanks Jamie,

No I would only be looking to borrow 80% of the purchase price to avoid mortgage insurance, I have the cash for deposit and closing costs.

Cheers.

Rather than start a new topic I was hoping I could get some opinions and guidance on this situation to see if I am on the right path.
Using Steve's 1% rule I have started to short list potential cash flow positive properties but upon further inspection it seems I am still way off returning a profit.
Example below:
I can borrow at 5.54% so my 1%…[Read more]

Thanks for all the replies, this is a great forum.