FHA or New 5% Conventional Loan

[Ryan Smith]

Good Afternoon Bigger Pockets Member, 

I am looking to invest in my first rental property when I graduate at the end of December. When looking at possible financing options for the property, every book recommends FHA. However, I just became aware that on November 18th a new 5% down conventional loan will become available. I am having a tough time seeing the pros and cons of either method outside of the basics. I would assume the 5% conventional would be much better because it does not have FHA insurance payments every month hurting the cash flow. I have enough savings to cover either but would love to hear other opinions on what you think is the best plan moving forward. Thanks and have a great one!