I'm still in reconnaissance mode... so need to collect as much information and knowledge as possible before deciding what to do.  20-80 is more of a rule of thumb and not a "magical" ratio.

Get knowledge, follow experienced people, and leverage wisely.My Take:If you have two houses, excellent credit, and motivation to build wealth, you can learn to manage your money responsibly.Use HELOC, credit cards, and business credit funding to leverage your cash and buy properties faster.

My personal experience after 40 + years in the real estate industry is that “wholesaling” is a very INEFFICIENT AND INEFFECTIVE way to gain knowledge and experience relative to real estate.

I am excited about gaining more knowledge and deals! 

I work full-time; I’m trying but I know there are gaps in my knowledge.

Thank you so much for sharing your thoughts, experience, expectations and thorough knowledge about locations.

Finding an agent who is knowledgeable about investment properties and willing to dive into research, even beyond their local market, is rare—but it’s definitely possible.I’m genuinely happy that you found a property that works for you.

Rpdata.com.au is probably the best for residential dataAny of the major agencies CBRE/JLL/Knight Frank/Savills/Mirvac will have reportsPlus a lot of the publicly listed REITs will have reports too ie DEXUS/Investa/Lend Lease/Westfield/Stockland/Cromwell etc.

Speak with a local Realtor who knows the market, but also is knowledgeable about creative financing options.Good Investing...

They are 100% correct.The downside sometimes to forums is people have a superman complex and get the impression real estate is easy as they think everyone is doing it and just jump in without the knowledge or expertise.