You could save cash to invest in more properties if you are looking to expand your portfolio as rapidly as possible.

Future plans are to continue with similar growth as rapidly as possible until we can achieve larger multi unit apartment complexes. 

These are current headlines. Although I don't think a collapse is imminent, I'm buying properties "off market" that have equity just to safe. I've seen several ups & downs of the housing market over the years and ...

I really want a local mentor here in Grand Rapids Mi.

What you're talking about doing is starting out fully levered, then rapidly unlevering yourself by paying so much down in equity at the expense of your cash flow.Think of it this way, if you do a 30 year vs a 15, you'll have that much more monthly cash flow to use as a contingency for if you have a bad few months.

Wow, that's some rapid growth.  

Portland Oregon has received top city to live in 2 years in a row, and growing at a rapid pace.  

I run a rapidly growing furniture company. 

Thanks for the rapid response and advice!

With graduate school (Industrial/Organizational Psychology; don't worry, nobody knows what it means) and the first few years in the workforce behind me I am getting serious about expanding more rapidly over the next 5-10 years.