[salvador]

Hello,

"It's the ones who got in six months ago who are not necessarily going to get capital gains."

Disagree!
Ok, you don't necessarily 'get' capital gains in 6 months if you are not going in a fast automatic price-rise period, BUT!!!! There are so many ways to create capital gains that if you are impatient you don't have to wait for time to make capital gains happen for you, you can make them happen.

If for example you get access before settlement and spend 5-10k on your 63k house before it even settles, you may be able to get a valuation for 92-95 when it's all fixed up, by the time you settled! Then you made 20k not even in 6 months, but sort of on 'day one' of owning the property!
By the way you were able to improve your rent from $120 t0 $180 in the process too, and remember you only borrowed 63k (73k with reno) so if you hold, then there's a 12 percent yield you just created out of a ten percent one that you bought, plus the 20k, not bad!???

it makes it more than cash flow positive on the whole amount including the reno, and you can go again straight away.

So you just keep on going in that fashion, you don't wait for the market!