i like to base my net income as what I will be putting in my pocket after all expenses and debt services. 38k after expenses and 18k after mortgage is what I was referring to.

We have put some of our properties into a debt snowball, by which the extra rent over the mortgage on most of the rentals all go to pay off one house at a time.  

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 know it wont be quick or easy but I know my priorities and I've set my goals.A little more background from me; I was young and stupid in the military and developed about 60K in debt that I am currently working to pay off.

@Tyler Durbin have you ever looked at private debt (hard/private money) to fund your flips? 

You’ll have a $900k loan with him which wraps the existing $700k of debt. 

@Andrew Pfleger perhaps explore a combination of seller-financing as equity, then bank debt the rest?

Not that I think there’s anything wrong with the lease and then rent business; but a certain percentage of these are problems so I avoid those problems by eliminating this category.As a side note I am able to get prices significantly under market because of my maturity (age), reviews, and general professionalism.

I would like to use the SDIRA of outside investors to fund our purchase and rehab of future flip/rental properties as well as possibly take loans from a SDIRA in order to eliminate some credit card debt we foolishly took on using SEAD Capital early last year. 

However, I have a pretty decent chunk of change ($3M) sitting in one investment property that has no debt attached to it.