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Yes you can - you will just need a letter from the accountant stating that the business set up purely for purchasing properties is a non trading entity. Thats about it.

You don't need a minimum 20% - plenty of banks which do a much higher LVR even 95%. The deposit can come from anywhere (i.e. from personal money). The big potential issue is the income - is the income based from the part time business or from other means.