You're the manager of the LLC of which the IRA is the only member so you control that. 

Just need the land.

Tighten up your requirements.

I think a lot of folks are sitting on or building up cash reserves as rates have squeezed a lot of the potential cash flow opportunities of years past. 

I don't know the laws in Australia, but in the states, you can usually get a low down payment loan if you will live in the place and you can do this up to a 4 unit and rent out the rest.

The main thing I see when coming across this is deferred maintenance.

The first apartments I rented as the owner, were previously rented by the former owner at $150 month including utilities. 

Decided to pull the trigger finally in RE investing, taking advantage of interest rates and some on hand cash.

HELP :) can you split the lot?

It’s hard to really get good at it without doing a lot of deals because the licensing course doesn’t teach you much about actually being an agent, that comes from doing lots of deals and learning by doing it every day.