Shorter Mortgage vs. More Cashflow

[Darsh Patel]

Hi Everyone, 

I wanted to get the community's thoughts on a debate I am having. I can buy a rental property at either a 30 year or 15 year fixed mortgage. The 15 year obviously means that I pay the property off faster but it also means that I have a larger monthly payment and thus have less cash flow month to month. Is it better to do the shorter mortgage and sacrifice the present cashflow or take the longer mortgage and generate more cash flow?