Class C properties are a pain in the behind.

Big pain, the old management gave my name and number to all tenants, so a lot of them have been calling me as oposed to the property manager.

A quick, cheap and elegant solution earns a psychological brownie point.

@Arturo Andres LaraYou need to start off by asking your businessmen friends from NYC:1) what are the pain points they are trying to satisfy.

They will be a pain to manage especially after your property manager finds out you don't live in the country. 

Arguments for a 30 year loan: (1) You lock in your fixed payment in "2018 dollars" for the next three decades, when that $700 will be worth a lot less (Jason Hartman calls it "inflation-induced debt destruction")(2)  Since your payments are lower, you have increased cash flow that can be used to deploy capital into new projects(3)  If unexpected expenses arise (personal or business), you have an immediate source of regular cash flowArguments for a 15 year loan:(1) increased equity over a shorter time horizon(2) cheaper interest rate(3) owning property "free and clear" still in your prime years and the lifting of psychological burden of debtIt really depends on your personal strategy and where you want to place your risk. 

I've been away for a while... did a couple deals, one has been a giant pain, one was going well.. until it wasn't. 

I feel your pain on the small stuff.

A large renovation can be very painful to manage, especially under the terms of the Healthy Neighborhoods program.

It's somewhat painful the first time around with the initial inspection and getting approved and everything. 3wk minimum process.