hello all.
i am reading steve's book at present, and have been looking for a property using the 11 second solution.
the average rentals in kingaroy qld, for a three bedroom timber house are $195 – $ 250 per week.  Current asking prices for these houses start at $230,000. and go as high as you could pay. 
using the above formula, the rent will never cover the payments on the loan.  Am I never to break into the investment market with the prices as they are??????????????