Accountants should advise you regarding the best way (structure, make sure you claim everything you can etc) of going about what you are trying to achieve. They should also point out what may happen and check you have considered the downside.
Best way? There is no best way, just options.
And "structure" is a matter of legal entities. An accountant can explain the financial & taxation implications, but not the legal ones. That's for a lawyer.
Agree on the next point as I posted.
I'd argue the point of what makes a successful investor.I disagree. When you have the option of receiving advice from someone who is a successful investor
A dozen negatively geared properties a successful investor does not make.
And 2 dozen of the same does'nt make him/her more successful (unless you write for API).
It just means they are successful at having enough income to buy properties at a loss and wait for values & rents to rise, and hoping to that income still keeps coming in.
That rules a lot of people out of the equation.
And of course we have the property spruiker who charges $1000 per seminar and then uses it to buy RE making a loss.
He too is regarded as a "successful investor" by RE hawkers (and API) when in actual fact he's successful at charging $1000 per seat (i did'nt say that was easy).