Also make sure you have another exit strategy, if you buy below market you'll have equity and will be able to easily sell in the future.Most deals on MLS aren't going to leave you much room, too little inventory and too much competition.  

Properties in high crime areas aren't worth much so you can't buy them for the appreciation factor.

As you mentioned, quantity is the answer.  

They aren't really binding, but can save time if you and the seller are too far apart on price. 

You likely won't get the financing if the numbers don't make sense to the bank, but of course you aren't going to be asking for a loan without having run the numbers yourself.  

Since there aren't much going on at the investing side yet, I would take that 66K job and try to get your feet wet with real estate while you do the things you set out to accomplish.Good luck with everything, I'd love to stay connected.

I may be in touch as there really aren't any genuine Financial Planners in NZ.

If you aren't sure, consult an attorney.

If you aren't a fix and flipper, I wouldn't venture down that road because if you don't have the experience, things can get messy really fast.  

Projections and pro formas are as rosy and promising as an online dating profile.....most aren't close to reality.