What would you do: 20% down or less?

[Daniel Pitner]

Hi guys, 

I've posted in the past regarding me and my wife's plan to purchase a new home and rent our current one out. A new question that popped up is regarding how much money to put down on our new home. We will (most likely) be using FHA financing to move into our new property and live in it for a year or so before we rinse and repeat so we have the ability to put less than 20% down. Financially speaking we could do 20% (or close to it) , however what would you do in this position? I have heard different opinions regarding this and I would love to get your guys' take!