Single family townhouse vs 2 unit multi family

[Allan Quintela]

Hey BP! I need advice on a decision I have to make.

Long story short, my gf and I both applied together for an FHA loan, initially to buy a 2 unit house and we got approved for $385,000 with 20% down. That approval is only valid assuming we rent out the first unit for atleast $1,600/mo and live on the 2nd unit.

If we decided not to buy a 2 unit then our loan would go down to $285,000 with 15% down. We found a nice 2 bedroom town house for $210,000 which is fairly low for the area. Can easily resell for $230,000 in a few month. I can also easily rent out the 2bedroom townhouse for $1,500/mo if I ever move out.

Basically my question is if were in my chose which loan would you chose? Would you take advantage of the full ammount the bank is willing to give or go for something that will keep me more "comfortable " financially? 

I know to answer this question their is alot of variables but I'll do my best to answer (beginner here)

Thanks!