Thanks everyone for the heads up. The info I have gotten from you is to ensure my project management (tradies, timing etc) is on the ball before beginning, watch for a tight contract especially if getting early reno access, CGT of 100% (didn’t know that one! Damn!) if sell in under 12 months, good kitchen ideas and not to overcapitalise. Beauty! Most of all, some encouragement that I am not crazy. Actually, as a first project, I almost don’t mind breaking even. Here’s hoping!