Make it a gas unit, not wood.That might make it more interesting.

You could look for properties that are already getting solid rents in one of the units. 

Hi,Wanted to check what cash on cash return/cashflow I should expect for units in University City area (West Powelton, Powelton Village).

I don't know the laws in Australia, but in the states, you can usually get a low down payment loan if you will live in the place and you can do this up to a 4 unit and rent out the rest.

Get him out of your unit.

Make sure they fit your communication style and prelease the units.

You are out in Cali so it is tough to get a good cash flow deal but if you have a comfort level check out states Like Indiana, Ohio, Florida, Las Vegas, Tenn, Georgi and a few others.Unlike Cali you can still find a decent 2-4 unit in states Like IN, OH and FL for under $250K with rents at or above $1250 a door.

I currently have about $50k in cash and am looking to spend no more than $250k on my first property (less depending on the area, number of units, etc.), inclusive of any renovation costs. 

@Steve Meyers I’ve been running this with some success with a local cincinnati agent on 2+ units and nationally with a commercial broker for shopping centers.

I have assisted many investors with their Little Rock purchases.