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Are your proposed numbers net of interest costs or do they require some debt reduction?

Of course. You seem pretty fixated on net rents though, which makes me think you've read American authored investment books. In Australia we consider the equity gain of benefit/use too

100k cashflow is your goal? How about if this was 8 properties paying 20k each in rent per annum. Perhaps (after a few years of good capital growth), 3 could be sold off to clear all debts on the other 5... It really comes down to what you want to achieve and when you want to achieve it by.