My DH and I looked at a place that sounds very similar (so similar that I wonder if it is the same place, is it in VIC?) a few months or so ago now. We would have loved to do it but as others have said above it just didn't seem financially viable to make alot of money, the place was cheap so no doubt you could survive but profit would be minimal.
OMG that sounds so like the little town that I live about 10kms away from. Does it start with M, I know the town I"m thinking of had a Cafe and BB the recently closed down, owners certainly did go weird and were half the reason why the business wasn't a success. It started off OK but turned bad after that.
Sorry won't offer you any advice because I can see positives and negatives to living in a small town. I'm married to a farmer so in a slightly different situation but must say so prefer country living to the city.
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