I am finally spending regular time on pursuing the goal of owning revenue generating properties.

Goal is to minimize borrowing costs here over the entire portfolio. 

What is your long-term goal for investing in real estate?

Ignore the hype about OPM and stay very disciplined in your investing and have strong goals.

My long-term goal is tens of millions in real property and hundreds of thousands a year in cash flow, so that money no longer an obstacle in life. 

I don't support $12m/mile for any kind of bike lane,   but long term planning of road infrastructure for more than just cars is a good goal.

Figure out what your goals are and then leverage the different strategies to reach them.

Figure out your budget/goals and then go from there.... 

You just have to have a good plan as to how you are going to bring up occupancy and increase the income.An any case, your goal would be to refinance in 2 years or so after the income has increased (and thus the value has increased as well) to take out the more costly (or lower leverage) financing.

Buttt...It depends on what exactly you want to do in real estate and what your goals are which will determine the path you choose to embark on.