If you need me to explain, let me know.Bottom line, if you are not getting instant equity for the property in this wholesale deal KEEP LOOKING! 

I liked the idea of gaining "instant" equity and being able to cash out after a year and invest it back into websites.

I instantly put it under contract.  

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.