My goal is to purchase this year at least a 2 unit.

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.