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).  

Hey guys,I am a realtor in NYC and have a well back client looking to purchase distressed commercial properties.

Something that is a little distressed, where you can add some sweat equity.

I could not have normally afforded to buy in this neighborhood without purchasing a distressed property.My plan was to house hack one room for a year.

The house is under some distress: the bathroom in the basement is in very poor condition and plumbing does not work.

These will be a $85,000 distressed property with a $102,000 Rehabbing cost and they after repair value would be $255,000. 

@Cody Evans@Sean OToole  Cody this is off topic so OP don't yell at me.. but any one working distressed real estate on the west coast the very first thing they need is Property radar app .. hands down the best tool out there.. we snagged an off market deal last year that has over 300k in equity.Of course we pay cash that helps.. but this tool is super cool the info at your finger tips and it so cheap as to be a no brainer..

I Just had a lady call me on a deal we did 6 years ago for and she always calls me for anyone in distress, or needs to sell (that one was from a lender that knew I did flips). 

Obviously the key to a successful flip is to find solutions for the distressed person. 

Unfortunately most Realtors don't have a broad knowledge of bidding on REO's, HUD's or distressed property.