brrr.. refi amount??

[Adam Drummond]

almost finished with my first brrr property.  i own it outright, and when it's finished it will appraise at close to $135-150k.   would you take out the max amount when refinancing, or play it more safe??  my initial thought is to only cash out 50-60k to keep my loan to a minimum, and hopefully pay it off quicker.  however, if i cash out more money, then i'd have more cash to immediately invest.  thoughts on one way vs the other??  thanks for the input.

adam