The higher the number the longer the time it will take to pay off the purchase price in income, the lower the number the shorter time it will take for the income to pay off the purchase price. 

Many of our clients that are investing for current cash flow like the 30yr term because of the lower PITI, which (all other things being equal) should equate to higher net monthly income.However, especially for those who don't need the income right now, I often recommend using a shorter loan term.

I do not understand why you think the elimination of prop 13 would result in better cash flow or a shorter duration to cash flow.  

Whether you need more bedrooms or more square footage or a garage, or you want a shorter commute.

Even though your payment will be higher you can do this for a shorter period of time than the 400$ payments but of coarse you may not cash flow any at that point which really sucks .personally  I don’t think this is even a good deal to be wasting time and money on given the risk involved .

You refi to a 30 year but pay it off like its a shorter am period. 

I would stay clear from a HELOC - terms are shorter and you want fixed rates and long amortization.  

If they are fixed rate, fully amortized loans they will have a shorter term, like 15 years. 

End the new lease longer or shorter then a year ( 10 or 14 months to get you to a better time of year if tjat matteres in your area.

Hi Vera, have you looked into shorter term rentals?