Hi, I am going to buy a 2nd IP, it is 4X2 property. I need to spend @20K before I move in or rent it out. I live in 3 X 1, my family need more rooms. I have lived in my priniciple place of residence for 18 months. I bought it for $415K and market value is $540K now. Can anybody advise me whether I can move in IP and do renovation or I should renovated first and move in or I can not do it except renting it out? Is there any post related to my question? Actually my plan is to buy IP now and move in during Christmas holidays. Currently it is rented by students and they want to stay till Christmas. Thanks a Lot.