I was planning to set that money aside to save up for my down payment for my first rental home ;) Loan,I was in the same boat as Anthony; contributing to hit my annual TSP max for the past few years (although deployments made that rather painless). 

So it would be a big appreciation play in this market personally I deploy my cash elsewhere.

My investor has cash just sitting around, doesn't want to put more in stock market, and wanted to deploy it at a favorable yield.

Is it time to cash some of those out and deploy your equity elsewhere?

@Colin Smith I believe what's missed here was Jay's interest in using a strategy that allows for him to refinance out his initially deployed capital while using very little of his own money.

Fun fact I guess would be that I am retiring from the army reserves after 22 years and three deployments in the next year or so which will allow me the freedom to focus on my passion for real estate.

2) Can I deploy the capital I pulled out to generate substantially more cash flow than I will lose by refinancing the property(ies) (based on higher loan amount and possibly a different interest rate than what the property currently has)?

If each flip takes 6 months, I can deploy that 50k twice... meaning my annualized return is 100%. 

As @Dawn Anastasi  says, when you become active you will often encounter deals when all of your personal funds are deployed. 

To frame my question: I closed two weeks ago on my first deal (house hack in a townhouse in Fed Hill), while deployed to the Middle East.