10-year ARM vs. 30-year Fixed

What would you go with (1) 10-Year ARM at 1.75% or (2) 30-Year Fixed at 2.375%.

In a RE market that's heavily dependent on appreciation vs. cash flow (e.g., NYC), I'm thinking it's better to go w/ the ARM. Plan is to hold forever most likely but given the cash flow vs. appreciation dynamics, think it makes sense to just keep this leveraged as long as possible. Might make sense to go interest only in a couple years when the product is back so no point in paying a premium for the extra term premium.

Thoughts?

submitted by /u/birdmanunited
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source https://www.reddit.com/r/RealEstate/comments/jjzigs/10year_arm_vs_30year_fixed/