I have one property, what next?

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Hi Guys, 

I am very new here, I am a 29yo Aussie living in Australia. I currently have one house in Lexington, KY, valued at around $45-50k and I think it can be rented out at about $120-$150pw. I own the property outright (no mortgage on it). 

Real estate in Australia is simply unaffordable at the moment with homes costing upwards of $500k to get started. So, I would like to build a bit of a property portfolio and try an make a passive income from real estate in the US. How do I use the equity in the home I own out right to start? What strategies should I use? Can anyone help??

Kane :)