So, when do you know you're ready? Have been reading and researching for 12 months now and honestly find myself becoming more confused. While you can learn a lot by reading, sitting on the sidelines won't get you a spot on the podium. So, I think I'm ready...but am I? The goal is to acquire 4 debt-free IPs over next 10 years to return a pre-tax retirement income (in today's $$) of circa $1200-1500pw. I have $100K available to start, and Bank pre-approval for IO investment loan to $418K on a property to $400k using 90% finance plus equity from PPOR. Fortunately as a bank employee I don't need LMI at 90% (note to self: confirm no cross collateralisation). Accountant engaged and suggested 2 x Units middle ring. I would prefer something where I could get some 'sweat equity', be neutrally-geared and have with future prospects. Thinking is to buy a house needing a tidy up on land that could be developed down the track, Karingal (near Frankston VIC), or possibly Frankston North. DIY on tidy up, then let out for a few years. Continue the buy - reno - rent cycle to accumulate enough properties so a sell off in yr 11 + super sees 4 retained debt free. Would purchase in own name as wife only works 2 days per week. Considered a Trust, but tax relief seems more likely to accelerate portfolio growth. Maybe revisit as portfoli grows. Considering using a BA for the first purchase with the intent of learning through the process. Interested in other folk's thoughts on preparedness, strategy and use of BA.