Should I do a 30 year or 15 year note

[Matt Denton]

I am about to purchase a rental property and I'm not sure whether I should go for the 15 yr note or the 30 yr note. The difference between the two mortgages is $245 per month. I plan on purchasing many more properties in the upcoming years so I would like the extra $245 to put towards my next one but I also want to be able to live off of my passive income sooner than later. What should I do and what other information is needed to provide the best advice. Thanks!