Why should we do 30 yr when compared to a 15-yr mortgage ?

[Babu Ramadoss]

Hi

I understand that people advice higher Cash ROIs to evaluate a rental (investment) property so that you will have cashflow. However, I am wondering why is it not a good option to go for short-term loan so that you can close the mortgage soon and have the full rental value as your monthly income. In 15 years from now, wouldnt it help to have the full rental value available to pocket so that I can retire and live on these rental incomes? it will require a couple more hundred dollars a month from my pocket for the next 10 years but it could help for my retirement plans. Agree?