Most people just want someone to answer a call and immediately sell them a house at a discount.

It used to be much easier to find properties that were discounted for condition.

We just closed on an all cash purchase via an SMLLC of a SFR at auction (at a healthy discount to market due to distress) that we intend to use as an investment property, and we're looking for guidance on the best strategies for pulling as much equity out of the deal as possible to roll into another property (identified but yet to be purchased).  

I understand they serve as a benchmark when calculating the discount rate but I see people try to predict them on a 10-year basis which seems incredibly difficult for first-time investors and ultimately, we never know what they will be. - Adam

All your best Financing and Discounts and you can learn everything with HUD.

It will be negative cash flow, but does the equity created by buying at a discount make it a good investment?

Don't discount the importance of money to bring the deal home. 

Of course, you won't get the discounts that PM's get because your size is smaller.

It will be negative cash flow, but does the equity created by buying at a discount make it a good investment?

It was just a way to earn a few extra bucks when the circumstances proved right.The same for subject to deals; loan subordination; purchasing of “discounted” notes, or hard money lending.