If you want to put yourself in a better financial situation for the time being (which sounds important to you, judging by the wording of your post), then pay off the debt now and save up for a purchase further down the road.And just to put it out there, the reason why buying another rental would accelerate passive income goals isn't just because of the cash flow but also the tax savings and equity+any appreciation that will play a factor in case you want to do a trading-up strategy later down the line where you sell your properties to buy an apartment.

Real estate, like everything in life, is a learning experience and taking action exponentially accelerates the process.  

We also started a women's networking group for Chicagoland female professionals.Since becoming partners, we have not only accelerated our business, but we have improved our lives.  

I'm pretty debt-averse, but accelerating fixed 30yr debt at great rates wouldn't excite me too much.

I am accelerating and refinancing out of my commercial loans with private money aggressively.Unless you can buy for cash at a SIGNIFICANT discount, I'd borrow this awesome residential money if you can qualify for prime rates and terms @Brady Hurs.  

I quickly learned it's a process and with the proper focus and commitment you can accelerate the learning curve but still have much more room to grow. 

For my area, San Francisco Bay Area, it's reached its peak acceleration in the velocity of sales price increases last year.

The bank might not want to put in writing that they are waiving their right to acceleration (due on sale) b/c of regulatory issues.

There's generally at least 10% of the cost basis that qualifies for accelerated depreciation on property over $200K less land. 

There are also abbreviated depreciation tables on page 11. https://www.irs.gov/pub/irs-pdf/p527.pdfDepending on the cost of the properties there could be a significant amount of assets that qualify for accelerated depreciation.