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What amazes me is that there are people who do it all the time, and do it with properties of twice the value and more (rent increasing proportionately - but still cr@p), and the agent tells them "this is a good rent return for this area" and the punter believes that. :rolleyes:

Yes, the spreadsheet is ultra basic for ease of reading. I can promise one thing; property does double every 10 years approx - at least that has been the case in my short stint on this planet, and I don't think my window of existence here was a gliche in (property) history. I am basing it...

Here is a very basic plan of how you could do it ("how many IP's to retire?") By year 15, you sell off the two earliest properties and live off the rents of the remaining ones, which have no debt. Of course, you will have management fees and other expenses coming out of the rents.