OK, so I’m a bit late in replying…

But what is the answer, really? I work out the following:

PP: 400 000
+ Costs 20 000
Neg Gear 9 650
Total 429 650

Sell 438 000
-costs 10 950
Tot Sale 427 050

Therefore 429 650 less 427050= 2600 (loss)

do I get the book??

From recent experience, P&I loans work well with a line of credit ON YOUR PRINCIPAL PLACE OF RESIDENCE, Int only loans are a good way to invest if you are on a med to high tax income bracket.