Hi all, I am new to this forum and would like some feedback. My dad used to tell me if it's too good to be true it often is. I have just made an offer on two over 55's units (freehold) that are one bedroom, and are renting out for a combined incomme of $430 a week. With a purchase price of $145,000 including costs giving a gross return of 16% and a nett return of 9.6%. Now they are in Slacks Creek in Brisbane, don't flood, property is really well kept and has over a 95% tennancy rate. I realise that capital growth will not be good (I am purely looking for a strong long term return for my SMSF). What am I missing? Is there a fault in my cunning and devious plan? Thanks in advance.