Stay away from the appearance of "kick-backs", commissions and inducements. :)  

In Omaha this year there have been a rash of smoker induced apartment fires.

A lot of these agents are residential real estate agents who do leasing as a way to supplement their business of buying and selling houses, so don’t be surprised if they try to induce you to expand your growing real estate empire.There are companies that deal only in finding tenants for residential property.

Do you expect that the compensation will induce the agent to undergo far more effort to identify a qualified tenant, or do you expect that minimal effort will be put into it?

The government is inducing educational debt, which by the way has topped 1 trillion and is greater than total credit card debt in this country, with cheap loans.

Gas furnaces have some "kill" mechanisms - kill switches on doors, and if the draft inducer motor fails for example.

They are typically used by people (such as agents and sellers) to try to induce newbies to buy property that will bleed cash.

BTW I would only go month to month for a short period of time, say their lease is up and they would like to stay for one month before relocating.What you want to do during this period is induce them to re-lease. 

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. 

There will always be fear inducing headlines and a general reaction, but people will get used to it and life will go on.