We are looking at buying a tiny studio in Melbourne city. We are using an inheritance, hence only a small property. We have done a lot of research and understand a studio under 50sqm is not ideal, but that is all we can afford. We will be paying cash up to $220,000. We want to stay in the studio ourselves when we visit Melbourne for approx. 3-6 months, and then rent out for 6-9 months (rinse and repeat). We intend to keep the property for more than 7-10 years. We have narrowed down to a preferred property that is not student accommodation, or serviced apartments. Any thoughts? I know there are plenty of negatives, but would like to hear if there are any positives in this. Thanks.