Pull out all equity or leave some in

[Wade Stahle]

I have a scenario im deciding on right now. I am building a duplex out of pocket and I can either pull out all the equity whens its done ($190,000) on a conventional or pull out 96.5% of appraised value ($246,075) and be on FHA loan. Long term goal would be to use my wifes FHA on this one then use my FHA in 2 years.

What do you guys think I should do? When I leave the FHA loan would cash flow about $500 and the conventional would cash flow about $750.