Hello @Les Edwards,I hope you are well.I'm also in Perth (and also an Accountant).I'm happy to share with you what i have found so far and the people that i have connected ( who gave me great advise).The markets mentioned by @James Wise are great, you will notice that some will have higher entry price than others but then it will depend on your budget.Sure you will need a team and in regards to the loan, i would start preparing now (lodging past taxes and have those in order), then start establishing relationship with local banks.Do not rush, do the things on your own time so you know where you getting into.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

I make 100K and my wife makes about 200K a year at our respective day jobs.

Not sure I agree, respectfully.

Their experience and established network were key to the success of this effort for sure.

Their experience and established network were key to the success of this effort for sure.

What is everyone seeing, on the commercial multifamily side of things, in respect to cap rates during this market cycle?

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

Bottom line is I’ll be respectful, but I’m showing the unit.

I plan on exploring a rental arbitrage model later down the road so having an established LLC will come in handy for that.