Hi All, I'm single, have no dependants (children), am dept free and will be renting a one bed apartment at approx $300.00 per week or lower if need be as my residence. My annual salary is low at 55k and not likely to increase by much, other than with inflation. I have a strong credit rating and have a nine year relationship with the same bank which I've had two previous mortgages with, no defaults on payments ever. I will have approx 150-160k cash towards my initial investment/s. My initial goal if feasible, would be to buy 5x IP over the next 5 year period, assess and move on from there. I am not sure whether to purchase 2x IP's with the monies available, on two separate loans or buy 1x IP and have the remaining monies in an offset account until enough capital gains have been acquired to purchase the second IP in one to two years. My target areas would be in 10-15 kilometre areas of the CBD (Melbourne). I have spent alot of time reading/researching recently and have engaged a broker I have a good relationship with and also looked at the possibility of going through a property investment management company that would plan, source and manage my portfolio for a sum. I am looking to seek as much advise possible before jumping into this. I haven't put in figures in this post in relation to potential IP's as I'm unsure of whether to invest in homes or units/apartments or in regional Victoria, such as Ballarat or new areas of Geelong etc. All opinions and advice are welcome and I look forward to hearing your ideas.