Too many newbies are waiting for a market Correction, the reality when it happens interest rates will be higher and the Experience Investors are the ones that will be able to take advantage of the opportunities available..When I started about 3 years ago everything I was researching was at a new time high, my only regret was not starting earlier..If a deal makes sense and you have the resources to buy don't wait if your goal is to invest in RE.. 

The owner had originally said he’d been there 5 years but in reality it’s only been 1.5 years. 

Reality is that I am also 100% debt free.

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

But in reality, you receive a defined return. 

But the reality is that it is not true, no matter how much "common sense" you apply.  

She's finally at a point where shes trying to make the real estate dream a realty reality, and I must have caught the fever because I can't stop asking questions and reading as much as I can about everything.

Its reality.

I mean this in the sense that if someone called it goes to auto answer with a telepromt that says press 1 for maintenance, 2 for lease and rent and etc... this way the tenant is able to make their voice and problem heard but i don't have to sit and have small talk and constantly stop what im doing to answer a phone call that in all reality shouldn't have been made.

The numbers rarely look as good in reality as they do on the proforma.