How much to put down?

[Jill Rio]

Hi Bigger Pockets,

We are about to purchase our first rental property, and are trying to decide how much to put down.  We can put down 40% and cashflow monthly, or we can put down the minimum of 25% and break even monthly.  We anticipate that we can raise rents in the future as we are in the Bay Area and are buying in a very desirable area.

Is there a benefit to either?  This property is mostly an appreciation play, as we live in a high cost, high appreciation area.

Thank you for you input!