THEN you have to support yourself while you are working on your first deal. 

One month vacancy can eat up all the cash flow.

We needed a dedicated person working full time to handle the necessary duties - she chose to do the cleaning because she wanted the extra cash.  

Keep in mind that you'll have a negative cash flow for a year or more as you do the lease-ups, though pre-leasing for the commercial level is a good idea.

So forget about BRRRR, flips and many of the strategies that are taught and discussed on BP.Even if you could invest in anything, you need to know that it's extremely difficult to cash flow in Australia.

I think my personal guideline will be 10 properties, or $2k in cash flow a month.

And would they be willing to do financing for you so you don't have to pay cash up front? 

Whether this is a single family or duplex/multi-unit will depend on how much cash you have, how much work you want to do, how capable you are, etc.

Breaking Even & Potential Cash Flow•Your goal of breaking even in Year 1 is very achievable, especially with a 5% down payment and PMI removal via renovations.

You simply sell the real estate and do something else with the cash.