Reddit mentions of Grow Rich with the Property Cycle

I think normally to have a CF +ve property, you will need to

1. Do a lot of work learning about property investing generally (cycles, etc) and try and guesstimate when property is not too near peak of boom. Try find this book second hand on ebay. If you can't, pay full price if you need to.
   
2. Pound the pavement most weekends for possibly 6+ months so that you know your area inside and out to be able to price properties upon seeing them such as difference in price on the same property with 3bd vs 4bd or 1 vs 2 bath or 650sqm vs 500sqm land, and to know what a fair price is and offer competitive prices only that are below market value.
   
3. Buy something that needs a renovation, and know how to do the sums so that buy price plus renovation is below market price of equivalent renovated properties.
   
4. Buy something with development potential, something like - zoned for spiting, house on one side, build on other side, renovate and sell of original house. Again need to know your sums to make sure the cost of the purchase doesn't eat up your gain for all the risk you are looking at.
   
5. As someone else mentioned, the further away from the city the higher the proportion of cash flow to growth you get but possibly at loss of growth. This is more so all the way out to small towns.
   
   Essentially, you are trading sweat equity (work) for a cheaper house.