But he did that because there's only a 1% pre-payment penalty so he didnt want to incentivize us to refinance.

I've calculated the mortgage payment to be around $5500/month with a 6.6% interest rate and 20% down so that means the property will be in a negative $1600 without even counting capEx, vacancies and other fees. 

This one would also be cut into 8 residential tracts but those would likely sell at only 5k an acre. 

There is also the thing of a physician loan where I wouldn't have to put a down payment on the house and secure a loan although I would want to try to aim for a fixed rate (or maybe variable since interest rates are potentially going to be cut in the future?) 

I’ve got a couple that get their checks sent to me directly from their banks that just set up autopay and the bank cuts the check around the 24th of the month and I get it by the 27th each month.

You cut the time to "immediate, no waiting" or you take the property in it's present condition, or both, no stings attached.

So long story short, my interest rate has increased on my rental property and my mortgage payment went from $1220 a month to $1969.

Really, my biggest concerns are monthly payment and down payment.

one option is to continue renting out all four properties to cover mortgage payments and generate passive income.

@Lisa Hebert I live right in on the edge of Robins.