You are reaping the rewards of their money down the road.

@Alexander HunterThe market in Australia is not worth the effort on a value/risk reward basis.

I reward long term tenants with below market rents.

Still a high bar on my nap or effort/reward index.It's like drafting a professional athlete.   

They don't have to do all the work and can do what ever it is at their day job and get the rewards of rental property ownership.

This is clearly a heavy lifting deal and although it would be one that could be rewarding to execute on, I just think there are value-add better deals out there with cash flow the day you close.  

Here is a link to the unit if you'd like to see the kind of work we do: Recent Project Since listing this as a rental, we received over asking price for monthly rent and received an offer from someone that wanted to purchase it within three days.It has been very rewarding to receive this type of feedback after how much effort we put into this place!

It looks like you bought at a great time and have reaped the rewards.

All those loop holes have been shut down to prevent people from gaming credit card companies for rewards benefits.

I do wainscotting or board and batten  (I believe it's called) to quickly and easily add character and charm.