Since you want to aggressively invest in the near future, you will need cash and the 30 year option is the right one for you.

Anybody know how to analyze a subject to deal?

I bought a ton of them about 10 or so years ago.

I am new to this industry excited about getting started and to my make my first deal and start to build wealth for my family  Holla.

But to date, I've just set my rents at a rate that accounts for me having to pay the water bill - and informed the residents that each year I'll increase the rent based upon my expenses (including water), so keeping the bill down helps me to help them.But one problem this could cause is if increasing the rent to cover the water bill then places your rent above the market rate.

That said, with today's rates, every increment of extra mortgage is way costlier than it was four years ago during the sub-3%-rate Covid days. 

Is it smart to take out a 40 year loan to get some cash flow?  

To determine your rental rate, you need to compare your apartments to others in the area.

Bought undervalued (market value of 265k); refinanced about 1 year later to contribute to next property purchase.

I’m a professional civil engineer with years of experience in construction and entrepreneurship.