Rates are still somewhat high but are coming down and if you can make the numbers work you will most likey be one of the few buyers so you can scoop up a good deal ! 

We aim to start with flipping houses to build capital for more significant future investments.The high cost of properties in Sydney is challenging ($2M), so we are considering exploring a more distant but cheaper market.Is it a reasonable strategy for first-time investors?

You have to get the high-cost version, but it handles rental properties easily. 

We highly recommend to our clients they use some form of asset protection.

Lastly, I want to make networking and hopefully even finding a potential mentor a high priority.

@Vy Lewelcome. i'd read this:https://www.biggerpockets.com/forums/48/topics/1159104-overl...it's gotten especially challenging to invest OOS with prices AND interest rates both so high. 

If your self employment income is not high, it's likely that your deduction saves you more tax than the self employment tax you would pay.

Without knowing your full situation, if you invested in these high price point areas you can't go in this levered.

I would highly recommend connecting with Anderson Business Advisors for a free 45-minute call to see what the best structure for you would be.

This blog post explores the growing concerns among some analysts that the US economy is headed for stagflation, a scenario characterized by high inflation and stagnant economic growth.