This may me a hard pill to swallow considering you apparently paid an attorney to draft your leases for you.

Tough pill to swallow because the rate I currently have vs what I would be refinancing into... so not sure it's the right move for me yet. 

I guess the reason why my wife is very hesitant on cutting losses is because between our friend and us, we have spent $92,000 out of pocket on this deal and I guess it’s a tough pill to swallow

That's going to be a hard pill for most folk to swallow. 

If you have paid, like we did, swallow the pill and learn what you can.

Paying above market to gain other benefits is sometimes a difficult pill to swallow, but for the unbiased investor looking for the best” ROI the risks and rewards must be analyzed rationally.  

The new owner bought the house after I purchased my land, and he might not be aware of these encroachments.Is there any risk for me, such as the possibility of acquisitive prescription of a part of my real estate after years, especially if (theoretically) the neighbor incurs considerable expenses for e.g. asphalting his driveway? 

These days I'm more concerned about fentanyl "It is 20 to 40 times more potent than heroin and 100 times more potent than morphine" they are usually little blue pills and you might see small squares of burnt aluminum foil.

I also see people in your situation who as a newbie do okay, that's all I'm gonna say about it and you can take what you want from that because I don't have the Magic Pill to give you to make this work.

Being taken advantage of would be a tough pill to swallow for me so I've been (overly) cautious when looking to put my money into an investment.