I don't care if could become wealthy doing so, I just can't justify it.

They knew they'd have less monthly cash flow after a refi but now that money was invested into another performing asset and when invested correctly the % on that money would now be Healthy or if a higher % Wealthy money.

You prioritize where you spend your money, but if you're trying to be truly wealthy person you start with zero debt(consumer) and start going for quality over quantity.

@Nathan Hui cash inflows are nice, but true wealth is built from growth. 

It's good to remember that the midwest isn't like NYC (or Boston where I'm from) where everything is a multi-family building and living in a single family is something only for crazy wealthy folks or the suburbs. 

The uber wealthy do that. 

I spent $100,000 to buy a storage facility that grosses almost $10,000 a month.You're essentially betting on appreciation when the market is likely at or near it's peak, in a state that is losing businesses and a large number of upper-middle-class and wealthy people.

There is nothing that makes someone with a salary of $300,000 or assets of $1M that makes them a better or worse investor than someone with less wealth - the wealthy might just be able to "afford" their mistakes a bit better. 

If you figure out how much you would spend each year on college and invest that amount in real estate instead, you are going to be much farther along to being independently wealthy than going to college.

Although it's very affordable and can probably cash flow decently short term, real estate wealth is built over the long haul.