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Still quite reckless. My portfolio would be much more lower risk and higher cashflow and lower LVR than his I'm guessing and I'd freak out at the idea of having only 45k cash in my account.

Depends what properties you buy. 5k is pretty low. I have 1m buffer+ across 9 properties and this gives me flexibility to for example JV with someone on a really good deal suddenly or swoop on HK shares suddenly which I have done recently. 5k per property is quite reckless and only works if...