These are fractionalized interests (shares) co-owned with other investors and the managers (ie: a syndication).

I've purchased a number of properties and just can't comprehend how someone could even identify that many potential properties and write offers on them in that period of time, let alone do a fraction of that many closings.

With this being the case, shouldn't the amount of these two items not be include in the debt (numerator) portion of the DTI fraction since they are already accounted for in determining your net rental income?

You may buy into a fractional share situation.

The greatest number of properties is in the Maritimes but the total dollar value of all those is less than a fraction of the BC properties so I'm continuing to look there.

The warehouse market has even less supply (Portland has a small fraction of the warehouse space of Seattle, especially industrial space) so the rapid increase in demand has affected that market even more.

You might want to consult a tax prof. for more details.I didn't deduct my flight and hotel, which would've made it so I owed $0 to IL, but there are rules where you can only deduct the fraction of the time actually spend on 'business.'  

Having a strong marketing team member can help a lot with this discussion and a fractional CMO helps a lot. 

My understanding is that since it's not fractional ownership in any particular property , but actual ownership in the company and all of it's holdings...that it's not SEC...but again...I'm not an expert on the syndication thing.

Nobody buys Starbucks with stock or fractional real estate equity rather than cash, and for good reason.