In this case you could work with a private money lender to cover the difference.Financing is a lot more flexible, creative and ripe with possibilities than most people might realize.

The most popular option for starting out seems to be house hacking for its flexibility on paying mortgage.

I assume that reduced LTV would buy some flexibility (say 60-65% rather than way up at 75-80)?

Adding 2nd bedroom on the main level to increase rental flexibility and value.

I chose to give up my ability to be flexible with a percentage of my portfolio that was "just right".

Something to consider;  Cash out will lock you in at a low rate and give you flexibility over 30 years while your tenant pays the money back. 

From my understanding some of the better states to incorporate are Nevada and Wyoming for the flexibility and leniency on business laws, taxes, corporate veils, etc.

It also gives you more flexibility-go ahead and pay it down faster it you want.Run your numbers looking at the difference between a 15 and 30 year mortgage both from the paying it off early (15 years with a mortgage, vs 30 years with a mortgage) adding in the extra cash flow that you get in the 15 vs 30 years.$200K mortgage: monthly payments 30 year term $752/month, 15 years $1300/month over 15 years the difference in payments is $98,640.  

@Cassidy Burns Location is flexible as long as it’s in the district.

You can Alternate the pattern if you want variation and it’s durable and flexible enough to be used almost anywhere.