I stumbled onto the world of multifamily investing by mistake and instantly knew that this is where I wanted to be.

It's not going to instantly put money in your pocket once you get.I have operated a robust wholesaling business for years.  

In the days of linkedin, instant credit check, quick employment and salary verification (even IRS transcripts is going online), I think I have to start accepting VERIFIED tenants on the spot so as to not leave premium money on the table.

Bringing your cash from Aus you'll lose 30% on the trade instantly so you need to account for that lose.

If you have the cash and cooperative tenants, you can  exchange "cash for keys" and instantly build equity.

I realize it may not the big win regarding instant inequity.

Tell them what you do and find out what they do. 5 new instant friends that you can talk with and share ideas.

As long as I remember to add off-site reservations to VRBO, I can accept instant book reservations on all my listings without the fear of double booking.

It's a terrible idea, if you stop using the tenant as an employee for any reason the tenant will instantly use that as the reason they don't have the rent money next month.  

I have owned a few of these homes over 300 of them and NEVER once sold one for "appraised value always less" so the instant equity theory in my mind is just a feel good its not reality because you will never sell it for that.. it all boils down to rental returns.. andfrom what your saying the market appears to have cleaned out the bad landlords the uneducated and undercapitalized landlords and you have some stability.. it had to happen sometime.