In the bowl of an electric mixer, combine oil, applesauce and vanilla.
In a medium bowl, combine sugar, salt, flours and yeast. Mix well.
Add heated milk to bowl and mix to combine.
Switch to dough hook attachment and knead until thoroughly combined. Cover with plastic wrap and kitchen towel. Leave for 1 hour, until doubled in volume.
You can either make waffles now or for increased flavor, leave in the refrigerator overnight or for several hours. If you leave in the refrigerator, the batter will thicken and grow so put it in a container that has room for the dough to grow. It will become tacky, like a sourdough starter.
The next morning add the remaining coconut milk and mix to combine, using a rubber spatula.
Preheat waffle iron.
Cook waffles according to waffle maker instructions. As the dough is tacky, you will have to take a minute spreading the dough once you place it on the greased waffle iron. Use a rubber spatula to do this.
Serve with syrup and fresh fruit.
Notes
If using whole wheat bread flour, you can use all whole wheat bread flour and omit the all purpose flour.