Or, you could both have a Chase account or a Capital One account, both allow free instant transfers between accounts held there by different people.

Instant cash flow. 

I'm totally torn between slowly building up a healthy chunk of liquid cash (for investing, emergencies, whatever) or gaining instant equity (and lots of it).

I'll still do flips in NOVA because if you can find a distressed (vacant) property in the right area there is instant appreciation.  

Instant gratification plays big in our society.

REOs could be a great way to get instant equity.Removing those other criteria is good.

That's the price of the flexibility.If the place is substantially undervalued a really flexible small bank MIGHT go off of value rather than price, so if you are getting a screaming deal with like 20+% instant equity they could possibly go for just 5% out of pocket.Really the same thing if it is a junker and you did the Hard Money/Fix/Refi route.  

So many people listen to the first person that reaches them when this person may not even own a single property, but boy do they have a program for you to purchase that will make you an instant multi millionaire.

I almost instantly saw that there was something to this real estate thing.

. $49,000 instant equity.