Steve,

Thanks for the response, i agree that i need something to cut my teeth on. I guess i can move on from that point and work on my weaknesses. My biggest step is to break the compfort zone and just get out there with the possibility that my first investment property might not be the ultimate investment that i would like, i guess there will be heaps of deals down the line.

What is your opinion on using a hunter to find a deal for me?

Rick,

im not sure if you are from Newcastle, however it is very very difficult to find anything within $200 month of being +CF due to very poor rental return over property price, especially in the lower price bracket that i am targeting. I am pretty sure the only places that i will be able to purchase a +CF property will be in rural areas.

If you know of any areas close to me that provide close to +CF investment opportunities i would love a little tip

I have researched extensively and even the cheapest deals with a small renovation job would still be fairly negative for short-mid term.

TG.