Is it smart to take out a 30 year loan for a $40k house intended for rental income?

Looking to buy rental properties as means of income. Is it smart to take out a roughly $40k 30 year loan for a property I can probably rent out for $700/month?

submitted by /u/Better-Extension9348
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source https://www.reddit.com/r/RealEstate/comments/tjzh8n/is_it_smart_to_take_out_a_30_year_loan_for_a_40k/