Thanks heaps Lulu

Yep I thought we were insane I think the biggest thing is that we have to look at the big picture, sometimes you have to go backwards to go forwards. It has the potential to make us a lot of money over the next few years. The block is subdividable and even after the renno's we intend to do, we can still sell off the back half of the block. It's a maximum 10 minute walk to the beach, 5 min walk to shops and primary school and the area is very sort after. Basically we are buying the crapest house on a big block in a great area. I'm up for the challenge, we want to be mortgage free by the time we are 30 and I think this is the only way we are going to make some money. The good thing is DH works a week away and a week at home so we will have a whole week at a time to do the things we can do ourselves and I can have contractors in doing things on the week he is away.