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It's a long and boring story which I will tell you one day :)

Mine is not terribly profitable - besides some $ the other upside for me was the property was in CBD and I got use of the parking bay so I no longer had to pay parking in the city. I now lease that out as I'm no longer working in the city. I still park in the visitors bay if I head into the city...

Correct and I doubt any landlord would let you have the place at market rent if you let them know you want to put 6 people in it as it's additional wear and tear. In my situation it is a 4 bedroom home and I am allowed to sublet it to 4 people.

I do it. I have express permission in my lease to be able to do it though. I supply unlimited wifi and all utilities. Surprisingly the 4 people in there only use about $60/mth electricity and with Vivid I have them on a $80/mth unlimited mobile broadband plan so no phone at the premises...