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It depends on what we put in, obviously. For a furnished one bedroom unit (so all major furniture but not linen, crockery etc etc) we can do it for around $1500. This includes fridge, bed and mattress, couches, dining table + chairs, TV, chest of drawers, wardrobe, portable heater, pedestal...

We have four IPs and we self-manage all of them. Our strategy is as follows: 1. Buy a grotty property; 2. Clean it up (or do a full-blown reno, depending on what's needed); 3. Furnish property (either just major furniture, or completely self-contained including linen, pots, pans, etc); 4...