Haven't had issues because the properties net enough to repay those costs and cashflow from year 1.

Lol Have you done many lease options as a buyer over many year term? 

I do not think options 1 and 2 are mutually exclusive, in fact I think you should do both. 

Quote from @Stevan Stojakovic: Given that your property isn’t a primary residence, a cash-out refinance is likely your best option to access equity.

While flips don’t usually qualify for 1031 exchanges, holding a property as a rental first might open this option.

Quote from @Ehrich Roberts: G’Day,Grateful for any advice in relation to mortgage options in British Columbia where liquid capital in combination with rental income would be accepted towards qualifying for a mortgage. 

Hey BP,I know this question has been asked often, but I've been struggling trying to find an investor-friendly insurance company. I am located in Maine and have 2 six unit buildings, 2 four units, and a 5 unit. What a...

Have you identified a property yet, or are you still exploring options?

It's not worth my time to deal with the hassle of conventional loan anymore, so I don't even consider it as an option.

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