@Whitney HuttenThanks for the links Whitney, very useful.Fred is advising I go for a loan to purchase the property rather than seek an equity loan after I’ve purchased with cash.However I’m still interested in purchasing with cash to give me a fighting chance of securing a property.

I want to share a few thoughts I have and then link to a few recent articles so you understand what we may face here.  

I would love to hear more from you about your project and if you have a link to information about renting it would you mind sharing? 

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Base on the IRS link that you posted, second example clear states that interest is not deductible."

The land is close to Marmora (Crowe Lake) and Madoc, it is at the intersection of Deloro Rd and Malone Rd - link here for Google Maps.I have considered the following for land use:1.

View report*This link comes directly from our calculators, based on information input by the member who posted.Need some feedback on this one.

Good luck (here is the link to our airbnb so you can see photos)https://airbnb.com/h/diamond-i...

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Any input is appreciated.View report*This link comes directly from our calculators, based on information input by the member who posted.