Do 40 year mortgages make more sense for Buy and Hold?

[Nader Hachem]

I've been seeing some recent news on 40-year mortgages. I'm not sure if they even apply to investment properties, but i'm going to assume they do. Would this actually make more sense for Investment properties? Especially in a high interest market? Will this make things easier to get into a first rental property?

Now, one of the biggest cash-flow killers is the high interest rates, i.e. - high monthly mortgage. Would 40-year mortgages make it easier to get into long-term investment properties? I'm speaking on lower cost properties around 150-250K. I know this will also prolong the loan and in the end you end up paying more total for the property. 

My thought is that 40 year will allow you to get into these properties easier, since payment is lower which in turn allows for cash flow.. then maybe down the line you could refinance into a shorter loan.

Just some thoughts, i'd like to hear others thoughts too.