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Too right! Even the very successful property investors seem to have encountered some hiccups along the way. I sure have, and I just need to keep reminding myself that one day, the situation I'm facing will just be an anecdote to tell. "Remember the time that we were so broke that..."

Yes, it's true that the day after settlement, your equity has actually decreased, due to purchase costs. I just love paying land tax on a property which 1) makes a taxable loss within a DT that we're unable to offset against other income, and 2) has also dropped in value the past two years...

Oh, don't we all? I was just talking to hubby about this yesterday, when he remarked that our net worth right now was not much better than if we'd not invested at all. Whilst I know high LVR is out of fashion right now, that's where we are, and fortunately we have the cashflow to sustain it...

I'll add to the chorus of thanks and congratulations. Well done, Rob, that's a really great effort. I particularly agree with what you say about "rules". Everybody's circumstances are so different, that there is no one way to achieve wealth through property. (Almost) every strategy can work...