Refinanced into long term debt.

@Doug KirkTo own 8-10 properties in 3-5 years, consider aggressively buying multiple properties or starting small and paying down debt quickly.

80 LTV should be doable as long as it's debt servicing.

Our mortgage is our only debt.

Unseen, I take the helm at night,Assuming debts without the light.The creditor remains unaware,That obligations shift elsewhere.A stealthy move beneath the moon,What method makes the shadows swoon?"

A debt relief company is probably your best and most cost effective option. 

Once we refi, cash flow for both properties combined will be about $1400.  

Hey Account Closed - Check out your competition with furnished finder that is where a lot of Medium Turn rentals list their properties.I have a MTR in Chicago that has been decently successful...whatever I have found throughout my entire life and investing career is it is never one property/deal that is a grand slam...Rather, the grand slam is done by hitting many singles and using systems and processes to scale your operation; the combination of scaling and experience in a niche of real estate allows you to hit unlimited grand slams because, unlike baseball, real estate is NOT a zero-sum game.

You could explore a home equity line of credit (HELOC).Just have to be careful to NOT get in over your head in debt and go bust!

@Sean ConroyThe cost of building is not going to go down, unless you're looking at the debt component.