Perth is now in full transition from a long running strong growth market to (driven by a ~12 year resource commodity boom) to now being the only capital city in Australia seeing a negative slide in the median house prices.

I would hate to break any rules or upset someone due to my lack of experience.You said that your broker was aware of your yellow letter campaign so I wonder why he reacted so strongly.

Along those lines it's predatory by the nature of the deal, the MV is overstated and financed.And, you're right, there are predatory landlords as well, slumlords, lucky Springfield doesn't have too many of those and a strong building regs and fire department. 

Develop a strong USP helping agents/consumers with their biggest pains on listings, then...Become a PRO member here and put it in your signature! 

They are very strong.

I am looking to connect with those out there that would like to learn and grow together and know that their visions can only become reality through the use of a strong real estate network. 

We have pretty strong credit amongst the three of us and are incomes allow for much more but at the moment we want to start with the one property and see how well we manage it.

@Daniel Mohnkern   By leaving everything in the name of the seller and not receiving the deed and putting 20k into rehab then you are taking a huge risk, even if you have a strong contract outlining the deal if the seller decided to take the renovated home and sell it quickly on the down low then I would be faced with litigation, attorniey fee's and a lot of time fighting to get this money back. 

When presenting offers to the bank/seller, whose case do you think they will put forward more strongly?

Thanks for the input, that's good to know there's a human presence in the market checking out the properties!