Advice on 15 year mortgages

[Joseph Watson]

I am very excited about getting my first property. An issue I'm having while deciding however is my financing. I have a local lender loaning with a rate @5.99 and they want the property to be tenant occupied. My problem is unless the property in relatively new the longest term will be 15 years. There are alot of great properties tenant occupied in my area . The problem is the payment are in the higher range causing the roi and cash flow to come in low based on the length I can finance. Anyone ran into this and any advice on moving forward? Things to consider and look into? Thank in advance for any help and for reading.