The problem with looking for cash flow positive properties is that they can often be in mining towns or other high risk areas. A few years ago I got into what looked like a great deal in WA and ended up getting burned because the market dropped. For my next property I used Folio Invest who found me a property purely on fundamentals and it's gone up around 15% in the last 18 months. Just make sure you're not buying in an area that is supported by 1 single industry, like a mining town. The miners are losing profits left right and centre, so make sure you're buying a solid asset. Don't risk an asset depreciating for a bit of cash flow.