Small monthly payment with long term loan or the other way around

[Madeline Lamour]

Hello, I am looking at buying a multifamily property with 4 units. I already have one apartment for rent, mortgage free, and I was wondering what is smarter as I need to get a loan for this new one:

- smaller mortgage monthly payments but longer repayment plan, or

- bigger monthly payments, which means less cashflow, but shorter period of loan.

Number 1 means more cashflow which could be invested somewhere but number 2 means a loan which could be repaid in 13 years instead of 20. Then the cashflow is much bigger.

Any suggestions for one or the other?