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Agents claim lots of things. I hope you've run away from this one...

I've heard of the Tax Office deeming free rent as income. If your mum has no income, though, this may well fall under the tax free threshold.

If the Tax Office gets a whiff of that there could well be trouble. Big trouble.

Novice, listen to this guy. He knows what he is talking about.

FWIW, I think you have made the right decision. Building reports are not always reliable, either, so while they are good for identifying problems, lack of problems doesn't necessarily equal good. You don't need to make a loss buying property. If you're worried about your mum, perhaps find a...

You can justify it any way you like, but as someone who has bought quite a few units, I would run a mile. You have no real way of knowing if other owners will come up with the money, or just how bad the problems are. If the builder cut corners on steel, what else did they cut corners on...

If you are looking for an investment, this is not it. Full of major problems, and you said yourself you're paying over market. This is madness.