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Thanks for the answers guys. I feel pretty happy because I consider myself not a 'novice' investor! :) We bought our first investment property October last year (now have three) and we had a vacancy of 3 months (not happy with that but what can you do!) Wasn't fun but I was happy that we had...

So what is considered a 'long' period of vacancy? 1 month? 3 or maybe 6months? A year? I'm a little(only a little, I have wet feet) new to IP's so am just trying to get the feel for things!