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Thanks Scott, Funding approximately half cash, half borrowings. I estimate rent of around $1500/week per townhouse so that would be $3000/week - a yield of about 4%. Was planning to make LD slightly less than $3000/week - perhaps $2500-$2800 as I worry the higher the figure the higher...

I'm almost ready to put to tender 2 x higher end architect designed townhouses with expected build cost of circa $1.5m+ (total, both townhouses). The architect has offered to run the tendering process and administer the contract at a relatively low cost. The build will not be terribly easy...