15 or 30 year mortgage for rental property?

[Andrew Palmer]

Does it make more sense to get a 15 or 30 year mortgage on a rental property? I understand there are pros and cons to each but does having your tenants pay off the mortgage in 15 years rather than 30 outweigh the additional monthly cash flow? 

[Greg Scott]

I'd never get a 15 year.  Use the monthly cash flow to save up for another property.   

If you decided you wanted to later, you could always pay off a 30 year mortgage early, turning it into a 15 year mortgage.  Doing the reverse just causes your property to end up in foreclosure.