I most definitely will keep saving, from what the news is saying, the Auckland market is slowly cooling down, however the prices are still rising, but no where near as quickly as it has been over the last 2 or so years.

It works well here in MA because the laws are so tenant-friendly that many landlords get very frustrated and burn out fairly quickly.

Yes.....albiet a new one@Zach Quick

This makes multifamily attractive to many tenants and investors.

We are fixing up the first home (new flooring, a/c, paint) and should have it leased quickly.

The property has been empty for 8 years and all units need rehabbing.  1duplex can be done and ready to rent quickly ( 30k total rehab).  1 duplex will require a bit more rehab but is basically in the same condition.  

Perform a quick cost analysis on the eviction process to see just how much it will cost you, then offer cash to prevent the time/revenue lost.

Just know that it would be horrendously low based on actual numbers.I think your biggest challenge will be attracting decent management with such a small number of units. 

The area is coming around quick, but I would be more inclined to buy/hold then flip in 2-3 years when the neighborhood has more of the amenities that attract homeowners as opposed to renters.Just my 2cents.

Behind on payments and they need cash quick?