Would you rather be leveraged 80% w/ low reserves or 100% w/ more

[Shiloh Lundahl]

Thanks to everyone who shared their opinion about whether they would rather have 10k monthly cash flow or 1,000,000. 

To keep the thought process going, I’d like to know, given the 2 different options, would you rather have a property worth 200k leveraged at 80% (mortgage of 160k) and have 2k in reserves or have the property leveraged at 100% (mortgage of 200k) with 42k in reserves? And why?