More money down or less to money to close

[Zach Logan]

Hi everyone would appreciate some feedback on how you view this deal I just got under contract and want to know what the best route would be.

 I just bought my 3 rental property but first one using a mortgage. As of right now I am going to owner occupy one side and rent the other. My mortgage payment will be about $150 higher than the rent I will receive. After the year ends and I can leave the property I will be able to cash flow about 500-700$ a month. ( Rough estimates for now) 

The big reason I jumped on this property was because PNC is offering a 15k grant towards closing cost.(Everyone look into this) 

My bring to close at the moment it $550 and that's it for a 5% down conventional after getting the grant. 

My main question is should I look into putting 10% down and bringing 8-10k to the closing so I can be break even or lose 50 a month the first year I owner occupy or accept the -200 every month at 5% down till I can leave? Capital is not an issue for me I can easily put the extra money down and have reserves but I'm leaning towards not doing it because it would still just be less out of pocket taking the hit every month. 

I would love to hear peoples opinion on what route is the better route and how I should be looking at this 

Thank you