MK70,Thanks for the post.Basically what I'm looking at doing is...

MK70,

Thanks for the post.

Basically what I'm looking at doing is progressively buying into a block of 8 apartments. Long term I would own all 8.

Currently I own 1 of these and my sister owns another. I'm still pretty young, but I already have enough super for a 20% deposit when the next one comes on the market. With weekly rental contributions and my monthly super contributions, I would be able to afford a 2nd apartment.

The block of apartments that we are planning on progressively buying are situated on 2 x 900sq m blocks of land within an inner suburb.

As for the admin side of things, apart from the additional accountant/taxation/admin work involved, I don't see that I would have any problems doing what I want to do.

Cheers,

Butchy.