W2 is already maxed out for my position and about 30% of my rentals Gross income goes too PM and 3rd party cleaners.

I can also tell you who to absolutely positively avoid out there as well because I have had to fire two PMs I used to utilize out there.

.- Underwrite the property to breakeven or small positive cash flow as a standalone long-term rental to a single tenant.

If I increase the rent to about $1900, from $1850, I can at least be net positive at around $26. 

I'm also in this position! 

Haha,I was famous there once upon a time - https://9now.nine.com.au/the-block/i-doubled-my-money-on-aus...Negative gearing is buying a property where the rent doesn't cover your mortgage.You tally up the total monthly losses and let's say you where negative $30,000 for that year.You earn $100,000 from your salary that year.But you would only pay income tax on $70,000 as your property was negatively geared by $30,000 for that year.Make sense?

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If so, would someone in my position be able to track down the former owner and purchase the right from them as an assurance that the owner or anyone else can't redeem?

Any chance I'll be able to get a bank to do a heloc in the third position ?

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