I AM NEW

Hi everyone,
I am new to property invest, I signed up last Friday 15th Jan 2010 (happy new year) after reading 0-130 (twice) while on holidays last week,so i am after some feed back from any one who can offer advise.My situation: I am 43 years old ,currently have a deposit  for my first property (@ $50,000). I earn $63,000 p.a, my outgoings (rent,expences etc. @ $28,000 p.a incl. car repayment) My eyes were opened as i read about setting up a No. of trusts to access more $$ for more properties. I would like to "go it alone" but i am concerned that i will not be able to borrow enought on my income to be able to get a start. I have time to do plenty of leg work to look for appropriate properties.I also have good contacts in real estate,(my partner is P.A to a director of an inner Melbourne City Estate Agent and also office  Manages the staff of 40.in the sales office and has had 13 years managing the rental Dept.) But before you ask the obvious….No she has no experience in buying or sourcing properties !! She has equity of @ $700,000 in her bayside home where we live, but we dont want to use this just yet as this is "My project" and she is a little weary of "putting up" the family home as collateral. I would love some feed back on how i should take my first steps in this sector. I would also like to know how others have found sourcing +cash flow properties.Cheers and God bless.
John