Is mortgage interest on a delayed financing mortgage on a rental property tax deductible against rents received?

[Carl]

Mortgage interest on a mortgage for rental property is deductible on the SCH E in the tax year it is actually paid. Does that answer your question? I'm not sure.

[Drindin]

For cash out of property certain rules apply on how the proceeds are used. So the question here is whether the delayed financing is classified as a mortgage upon purchase, in which case you can deduct on schedule E as you suggest from the property upon which the dealyed financing is performed. Or if it is classified as cash out then the mortgage interest is deductible if the money is reinvested in new rental property, and it is deductible agains the rent of the newly acquired rental property with the proceeds. This is just some thoughts on the subject, not an answer. If someone knows more, I would appreciate input. 

[Carl]

There's not enough information provided so one can determine the poster's definition of "delayed financing".