55 yrs old looking at doing rentals for retirement

[Michelle Dunlap]

Im 55 just signed for my first rental property.. should I finance it at 10yrs or longer. Even at 10 yrs will have a small positive cash flow of 200$...my question is being my age should I drag out the loan 20 yrs to have a larger cash flow using that money to cover repairs and possibly invest in more properties or pay for it as quick as possible