The contract on my first IP is now going unconditional. The property is a recently-renovated highset in the Moreton Bay Area. There was a significant amount of investor activity in this market. I should achieve a yield in the 5.2% to 5.8% range. This should put me in a CF+ position. I am using a buyer's agent and their service has been outstanding. A 60 day settlement was requested by the vendor. It will be a relaxing time ahead of preparing the property for rental via a few minor repairs and a spruce up of some of the downstairs areas.