I plan on holding this property for 30 years (I'm 34) and will live in it for at least 5.

Now that demo is done and the site is cleared, it’s time to make sure this house is rock solid.

I've stabilized that hemorrhage and have made good progress to reducing this debt but a recent chat with a conventional lender didn't seem to yield any options due to the DTI issue. 

This shows that they knowingly signed the document stating you are licensed and acting as the principal for example.   

I've read that you can exclude paying capital gains on the sale of a rental property if you occupy it for two of the previous five years of ownership; does anyone have any experience with this?

This results in smaller annual deductions.- No bonus depreciation: Unlike U.S. rentals, foreign properties do not qualify for bonus depreciation.

Travel will be part of what I do with this. 

This is common in California  Thanks for the reply.

Isn't this happening in many markets thought?

This is his personal cell (405) 641-9880