Yes it would apply. because each unit owner owns part of the land.

No, i would advise against that. You may break the link to the borrowing of the money.

Once you put money into a savings account it is no longer borrowings. So if you take money out of a savings account to invest you are investing cash rather than borrowing money. see Domjan's case.

It may not be picked up, and even if it is the ATO may allow it, but not worth the risk i think. If you want to do it, make sure you have a new account with no other money in it.

Yes. Because you have a $800,000 debt.

Even if they don't register you still have this debt and should declare it. If you put the full value of the property down on your assets and liabilities statement without the debt you could run into problems later on if you were to go bankrupt.Your bankruptcy trustee could argue there was no mortgage.

Don't forget too, that depreciation is claimable because the asset is being run down. This means its value is constantly decreasing and will eventually need replacing.

You can always pay from a LOC, but whether the interest on this is deductible is the question.

I recall reading somewhere that interest borrowed on funds to pay tax is not deductible – i don't have a reference ATM tho.

As long as you don't spend the money leaving it there will result in the same interest as paying off the loan.

Maybe you could change it to IO and your repayments will drop dramatically – but  the interest will be the same.

You will also need to obtain personal guarantees from the directors of the company you are onselling to – and make sure they have equity to attack. Are they willing to pay 10% deposit up front?

That is not the correct question to be asking. You should be asking yourself how much growth potential does this property have?

its very hard when starting off, and especially hard now. I just heard of one guy who got a preapproval with a bank thru a broker and then the bank offered him 0.15% extra if he went direct – its very hard wto get clients and then when you do find one the bank will steal them from you.

I would suggest you keep your day job and try it part time.