You can pay any or all of the borrowed amount back any time and then borrow it all again, just like a credit card.  

So you may not be entitled to some or all of the matched portion if you were to drain the account.

And what 'is" is a tangled jumble of things. ai will just kick back an answer loaded with "and, if, but, when" because that is how the various statutes are, loaded with layers of variables that far too often make almost any action/answer right, wrong or unknown, sometimes simultaneously multiple or all of the above. 

I can then refi most or all of my money back out.

You have several strategies when looking at a primary residence as a long term investment:1) Convert some or all of the property to short term rental (maybe even while you're living there)2) Move out and make the property a long term rental (the first of your portfolio!)

No one is saying don't invest or all Bros are stupid, people are missing the obvious sarcasm built in because it touches a little too close to home, it's just that Bros need to chill before overspending on the advice of a couple Bros on the internet who want to sell them a course on how not to be broke.

Currently rents for $4300 but plan is to BRRR and turn some or all into AirBNB as it is located right next to a major hospital.  

The subject property is the only eyesore on the street, it appears to need mostly just cosmetic interior/exterior upgrades, and it basically pencils out at 7 units-- with an 8-unit conversion it will allow a refinance of most or all of invested cash within 2 years.

And you must not forget that WHEN (not if) there are bumps in the road the monthly distributions will be put on hold, you may be told to have to invest more (a "capital call"), or you may lose some or all of the principal originally invested.Spark's self-reported record is "two dozen or so" investments, 2 of those have had their distributions paused and one of the two had a capital call.

Hello all,I currently work an 8-5 job that is very analytical and numbers-oriented.With a solid background in finance, I would like to leverage my skills in analyzing deals and get started in the real estate investing arena.GOAL:Purchase SFR (3/2) rental property in the next 12 months to create passive income sourceRequirements of SFR: ≥$200 per month in cash flow (Income – Operating Expenses – Debt Service)Use property management companyGood location (schools, low-crime, etc.)Certain property condition criteria (ex. no foundation problems, etc.)Financing options: Seller financing would be ideal, but I understand this is 1 in 100Most attractive alternative:Conventional loan – 80% (thus, 20% down payment)Most or all of down payment financed through private lenderThus, my only out-of-pocket costs would be rehab expenses (but best case scenario if private lender can cover those as well)As you can see, my goal is to buy an SFR with as-little-to-no money down as possible (at a nice discount, of course) and create instant equity through forced appreciation.A few questions for you experienced investors out there: Does this financing sound reasonable?