My investing style is buy, hold and rent in cash flow neutral properties in growth areas. The goal is not 100 properties with amazing cash flow, the goal is 6-7 properties that can afford to support themselves, but also grow to be accumulated 6-7 properties, to later pay down the debt and have some positive cashflow in later years. Situation right now: Used a guarantor loan on parents property to buy $280,000 place in Deception bay, QLD (2 months ago), plus Stamp duty on it, so the loan is $291,000 on interest only. It also needed a $20K reno, that now done the property is worth around $320,000. Renting out at $340 a week. We have $85K cash. My partner pre approved $290K Me not yet pre approved but looking $380K Guarantor needs $85K to be released What are the next best steps, here are how I see the options: Partner buys cheap property similar to what we have now. Pay cash to release Guarantor parents from the property, then use the Guarantor a second time on higher priced asset. Buy in my name using $80K as deposit on $380K property Joint purchase a property for $400K Challenges with each scenario: Partner buying cheap: Means we tie up our hard cash in cheaper asset with less growth potential, so longer time to get number 3 as we would rely on equity and minimal savings Release guarantor: Can we use the guarantor twice like this, will the bank allow it? Would it be a smooth transition, especially considering the recency of purchase. Buying in my name means 4 month wait as I am moving jobs and would need a few months of salary in my account to be considered for a loan. Option 4 wouldn't really be an option because it would hamper the service calculators for purchasing multiply more. I am keen to get some of your thoughts, it seems like a bit of a fun one to chew on.