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Hmmmmm how strange...Today Im an average wage earner and its not stopping me. I actually started out way below the average wage. CC its just 'your belief pattern' formed from your life's experiences since birth that suggests otherwise. Success is 80% correct mindset x 20% applied strategy...

Rent's for covering holding costs...CG's for covering lifestyle costs. :)

Jason, buy this book and it will be all explained to you. Its written by Jan Somers who kindly provides this forum to us all. Its the best book on property investing you will ever read. Hope this helps.

Sheryn, On 105% borrowed funds (100% of the purchase price plus 5% for those purchasing costs)

Yeah sash it provides a gross 6.5% yield..on a near/new IP it will be cash flow positive AFTER tax advantages including depreciation. This is the basic rule of thumb I used when I started out with rates @ 5.5-6% similar to now. NOt fully LOE as myself & Mrs Rix still working a few days a week...

In todays financial climate a 'Rule of Thumb' for finding CF+ property from day one... Multiply the realistic weekly by 800 to give you your top purchase price to pay...anything under this figure increases your positive cash flow further. ie rent $300 p/w X 800 = $240k Top Purchase Price...