Hi, We will be inheriting a house freehold (in a flood zone) in a small country town in NSW. It is uninhabitable at the moment (bathroom and kitchen were ripped out for renovations that never happened, but otherwise in reasonably good condition), and was valued at $190k last year. We've been quoted between $20k - 50k to finish renovations, depending on the level of finish. We would expect to get around $280 in rent or $240k if we decided to sell (although, being in a flood zone might make this difficult). We're after some advice and different perspectives. If you were trying to build your property portfolio to create an income stream to support a family of 4, what would your next step be? We are currently renting, have loads of debt and only 1 source of income (self employed). Thank you!