15yr vs 30yr mortgage for rental purchase

[Colleen Carey]

In the process of buying rental property, does it make sense to do 15 year fixed mortgage if cash flow is still positive? Obviously 30 year fixed is more cash flow /month, but other than that, am I missing reasons why 15yr wouldn't be better option if cash flow isn't a primary motive 

[Christopher Giannino]

@Colleen Carey I think it kind of depends on your investing strategy and your end-goals.  If you want to own free and clear properties, 15 year fixed mortgages make more sense.  On the other hand, if you want to leverage your money to the fullest potential possible then the 30 year fixed will help you achieve that.  

Also, someone trying to shelter their W2 income would probably prefer the 30 year fixed mortgages because over the long run there are more tax deductions relating to mortgage interest.