Non taken, but your dealing with "peanuts" and posting "not many people have approx 400K$" when it's far from reality as i know at least 50 people who could if they wanted to.
The players looking at properties like the one you posted ( and needing major work) are generally not interested in a 200k apartment.
I never said there's no money to be made sub 200k bracket and/or renting to people who live on gov handouts, I specifically posted about the property on this thread.
And the obvious answers came from Nathan & HandyAndy.
My point being if the deal is good, risk low and there's money to be made, there's plenty takers.
Those were only examples, i have plenty of min $600K ones too.
You must know a lot of people who love to keep a lot of cash or can get it very easily. And this is coming from someone who is in IT contracting in Canberra earning $150K+ p/a. Even I dont know that many people who would be able to get $400K cash so "easily"
All I meant was its well worth looking into, its great Nathan and HandyAndy found the type of work involved etc. Now all they need to do is look at the numbers and if it works.......