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.

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

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

For me personally, I find a tremendous amount of value in going through programs that help me learn at a much faster rate then what I could on my own as well as help me mitigate risk/self doubt.

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.  

I am out of state so looking for local investors but havent found any yet.You can not, and you will not get a discount.