Otherwise they have to live with it.We had one guy that owed $2800 in back rent then abandoned the wife & daughter & moved in with the GF & told us "to go forth & multiply".

In the past 3 years, I have been blessed to accumulate a small portfolio of multi-family properties (3 duplexes) and 1 single family town home that has produced me consistent cash flow in excess of my lifestyle expenses.

It’s the delta that affects it (assuming the makeup of the material is consistent in both cases).

Sounds like you have a solid vacation rental with consistent bookings.

Talk to the guys at multiply - Melbourne.They will be able to help .I was thinking to invest in Melbourne too but I’m finding it over price so I’m thinking to invest in Brisbane.You can invert maybe $700k in Melbourne but won’t be in the blue ship suburb 👍

I still get bids, but they consistently both give the best prices and do the best work. 

The only thing is, I don't know if the population is large enough to consistently find potential renters and with a smaller population, I feel that certain factors like house price appreciation, rent price appreciation, and maybe vacancy wouldn't be in my favor.

It would be passive and should provide consistent monthly cash flow?  

Unfortunately, I see too many people "decide" to get into note investing but they have no long-term marketing plan in place and don't really know where to look.Yes, to get the ball rolling more quickly, you can immediately network with some investors who sell one-offs, which can be good deals with reasonably good returns; but to get great returns and a consistent stream of deals, you need to have a long-term marketing plan.Usually, new people do not want to hear this.

Are you able to achieve 100% occupancy consistently?