I think I understand your outlook: You consider the refinance money as costing interest because now you are paying interest on the funds that you don't own in the primary and rental residence.If that's how you see it, I can't disagree with your philosophy, and it shouldn't stop you from investing as if the money were "interest free."

With enough properties in your portfolio you will graduate from that philosophy and will recognize that you can fill your single family homes in a matter of days.  

It’s two different philosophies.

This same type of philosophy applies to you adding a pool....when no other homes have pools.  

This philosophy was sparked by "Rich Dad Poor Dad" at age 15 and it is ironic because it has been mentioned several times in the few episodes I've heard.

My primary goal is buy and hold (with property management) for long term wealth building.Congratulations -- You just summarized my core real estate investing philosophy!

It has always been my business philosophy to remain in control of my investments, including research, management, and sale.

This guy was throwing BOMBS of knowledge at us, talking about his personal experiences in real estate, getting into markets early before the hype hits them *cough* south side *cough* and investing while you still can.Here's his philosophy:"If you're going to buy a property on the block, why not run the whole block?"

He's the source of a lot of debate, because he follows a strict philosophy of doing almost everything in cash (which I think is an extreme if you have the discipline to do all of what he says, then you have what it takes to use debt responsibly). 

@Austin Faux My philosophy is offer what works for you; don't worry whether the seller will accept your offer.