Admittedly there are no federal taxes otherwise i’d say there was a vested interest.

Is there any decent property going for sale in Whistler BC? One of my contacts bought a skifield property years ago for next to nix and it wasn't distressed at the time.

I would only recommend tile on tile once only, beyond that the amount of tile on the wall becomes quite heavy and not the best  if you have compressed sheet walls or plasterboard as it may pull the lining off the walls.

You can always sign a non-exclusive or open agency agreement for the letting this way you can  use a couple of agents to lease the property and wave the carrot of whoever leases the property to a suitable tenant gets the management.

The DA does lapse if works aren’t commenced but the timeframe differs between states.

It depends on your goals – if you are after a worry free investment ie low risk with consistent income, then go for it. If you want a property that you can learn from go for a mainstream ip.

You are paying a premium in many cases for this type of property yet your returns are limited however the trade off is maintenance, vacancies etc are all looked after in the management fees charged.

You might consider something like this inside a smsf for the stable cashflow.

Have you ever lived in a share house?

Provided you aren’t resorting to splitting up bedrooms lounges and dining rooms to create extra bedroom areas ie you aren’t building any rooms there should be few issues.

Just get someone else to sign as POA. The licensee has his head up in the clouds not.

What do you think you need for retirement? Is it more or less than your current income?

If you are applying for a loan whether it is ppor or ipod the banks are concerned about serviceability. If you are changing job or newly employed you may have to wait out your probationary period before approval of finance.