Basically you need to dump these properties or keep paying for it. Most of my clients who are in your shoes are slowly (or rapidly) depleting their savings. If you’re in the same boat, what will you do when you run out of money?

I can run the comps and see if you can get rid of any of them with no or little out of pocket expenses. If you owe more than what’s it worth, I can short sale it for you.

Regards

1) Refinance to a fixed rate loan

2) Sell the property

3) If possible, raise the rent to cover expenses

4) The one that is going to be vacant, consider doing that as a rent to own. It is possible to get a higher monthly cash flow from someone when they are expecting to buy the house within 12-24 months.

5) Bring in a partner who can give you a temporary cash infusion to get things solidified until you can do 1,2 or 3.

6) Check the provisions of your loan carefully. Also contact your lenders. Sometimes they will have a program allowing you to miss one payment each year, or maybe take a missed payment one time on a loan without penalty. That way you might schedule a few months in a row in which you are making fewer payments, and again this can give you time to work a long term solution out. So in August you make payments on proerties A,B,C,D and E but have a forgiven payment you don’t makeon F. In September you pay all except A, etc.

The only other options would be to declare bankruptcy or allow the property to go into foreclosure which are short term solutions with long term negative consequences.

Good luck.