I was wondering if anyone had ideas on how I might be able to attract more tenants who are okay with having this type of policy as I know it might be a bit of a niche market, but I'd love to hear any suggestions.

@Ricky Singh Suggest you look at 2ndary and 3rdary markets from Toronto & Niagara falls.

Any landlords have suggestions ?

Maybe that is your best route or maybe it is not, but if that is the only loan the LO you are talking to can make to you then guess what kind of loan they are going to suggest? 

So your number of 715k may not be too far off depending on the square footage and also the age of the cabin.For anybody to suggest otherwise without knowing more information on your specific cabin isn't giving you the best advice to be honest. 

What I always suggest for folks who do not like a lot of is to borrow  no more then 60% loan to value.

I might suggest getting your own appraisal where you select the appraiser that knows your situation and you can talk to and discuss their approach.

I highly suggest using IDI data.

I would suggest look for a property management company to manage the property for you and slowly increase the rent yearly before selling.

No lender will lend on a deal that doesn’t make sense.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan at a title company of your choice.6) Begin work and make draws on any repair balance.