15 or 30 yr Mortgage

[Cody Maldonado]

Hello,

I am in the process of purchasing a rental property. I only have a couple of properties in my portfolio and have always used a conventional 30 year. When looking at the numbers, there was a small difference in monthly payment on a 15 year (about $120). The property will still cashflow and rate terms are slightly better. I am curious if anyone has thoughts or advice on going 15 year over 30 year? 

Thank you in advance for any advice!