@Ryan Dori lots of options besides DSCR. 1 Year income, Asset Depletion, Bank Statements, and P & L only loans. 

One of the key challenges I’m facing is understanding the financing options available to someone without Canadian residency or a local credit history.From my research, it seems that a 35% down payment is often required, with interest rates around 7.5-8.5% for non-residents.

Quote from @Sarah Kensinger: Reach out to @Jeff Chisum and see what options you may have for this property. 

If you're open to expanding your options, you may want to check the Columbus OH market. 

It’s definitely smart to evaluate the tax and cost implications of your funding options.

What are other options do we have if we don't have piror experience? 

I’m exploring a few options and would love to hear your thoughts on each:Airbnb Rentals: Is short-term rental still a profitable and sustainable option given current regulations?

I have heard about doing deals with little to no cash down but I'm skeptical about whether creative financing options are truly viable.

What other options would be good?  

As others have suggested, you could get a conventional or FHA loan if you want lower down payment options.