Will it be worth trying to pay those down quicker over the next several years or use savings to try to acquire more properties via other loans? 

Most real estate strategies suggest that I hold one to several properties in an LLC.

This will have a higher expense buy may very well be worth it for your listings and companies health and growth. 

It could be stressful if there is a plumbing or heating issue and you're several hours away. 

We have had a few walk through and done property analysis on several properties, but are not really cognizant of what we are getting into.

You can either go back to them and let them know that you made a mistake and will be raising it on 1/1 by $50, or, you should raise it in several months by $75.

Quote from @Nelson Dibble: I have found several vacant lots in my local area that I am interested in. 

However, refinancing too soon after the exchange could raise IRS scrutiny about the exchange's intent, so waiting several months is advisable.This post does not create a CPA-Client relationship.

Hey @Jacob Kurian - I have personally used the FHA loans several times here in Chicago both as an investor and many more as a general contractor.  

If Dallas, then stay there several years.