We're looking to purchase 2 properties in our first year and hope to scale up quickly.We're in the team-building phase (Contractors, Agent, Lender etc) at the moment and positioning ourselves so that we're ready to start making deals in the next few months. 

I believe my focus is going to be on multi family buy and hold and at the moment I’m hoarding cash.

I'm a small fry at the moment, but plan on blowing up in the next few years here. 

I think the reasons I've never had to pay a down payment to the contractors are: 1) I'm an established landlord in the area and I deal with established contractors, 2) I tend to do business with the same contractors again and again so they know they can trust me to pay them, and 3) they never even have to bill me...the moment they're done with the job they have payment in their hand.  

This is truly a facepalm moment....

You are currently residing in your next rental at the moment which will go on market in 90 days as a 2nd rental.

You should get a 3-4% rate (not exactly sure where the rates are at the moment) and not worry about it for 10+ years. 

Option 2 also theoretically helps with my debt to income ratio though I have no issues there at the moment either.Cons of option 2 include the fact that the LOC is a variable rate and will likely go up in the future as well as the fact that the bank could chose to close the draw period at any time.

I am interested in buying it but don't have a ton of cash at the moment.

And another huge plus for Cbus at the moment is that most areas just outside of downtown that are "up and coming" are coming with 10 year full tax abatements...so we are talking like $900, maybe less, a year in property taxes.