You will make more from loan pay down, yes you SHOULD have some appreciation.

THe lender is a credit union and it is a conventional low rate loan.

It looks like "Good Egg" is simply an Entity that collates funds, and then invests those funds on your behalf with the actual sponsors/general partners that actually purchase the properties, get the loans, manage the properties and distribute the funds.

My first loans were at 9% .. 

@Jake Baker  You should think about a rehab loan if you are going to buy and hold.

Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.

@Nick AmDepreciation is a ZERO % interest loan.  

They unleashed pandemic handouts and loan programs that greased the economy (this was not well thought out, contributed to the inflationary environment we are still suffering from and PPP and ERP loans were flooded with fraudulent loans and benefits)These programs leveraged existing corporate infrastructure (banks and the government had little or no operational involvement). 

The most important thing is to ensure your loan is covered in the event of a loss.  

If my spouse wasn’t opposed to moving I would try to buy a new house hack every 12-15 months and use low down payment owner occupied loans for as long as it made sense.