Factors such as owning a package of properties with equity or having a high personal net worth make it more enticing.

Should I be concerned that the sponsorship is a red herring enticement?

This can be simple once you learn the process, and it can be more enticing to sellers because they can end up with more money in their pockets.If you do decide to engage an attorney, it's important to find one with experience in real estate transactions.

If I had plenty of investment properties with positive cash flow,  no limit on VA loan amounts, and didn't want any money out of the deal for 5-10 years it would be much more enticing. 

While I know what you are looking at is enticing, I would have concerns about you being able to pull this off without support.  

What terms would be enticing to a flipper?

what you could do is amortize the loan over 10 years with 5 year balloon, that would lower your payments every month and make it more enticing. 

The enticing part is the potential of getting the 45,000 discount from what a realtor thinks they can sell it for.

The numbers on these can look enticing but don’t always work out like that.

I ask because it is almost like having cash ready at a very low cost and the idea of buying something in "cash" and getting a good deal can seem very enticing.