That's kind of the point to this post. 

The more information I can get the better on the possible down sides up sides or issues anyone sees with this plan also advice on where to find this kind of financing would be great I was told I could possibly have 75% of the potential income to be considered for the loan and the last off my w2 income.

This is a common problem Jordan.  

I will likely move to the island before my wife is eligible to rotate, so there is a chance that we could wait until I get there to start the process.One question I have, is it common to have to stop construction a few times throughout the building process to seek new permits?

yep, selling stocks/mutual funds to invest in RE doesn't qualify......not "like kind".

ICANN requires that your information is up to date or they can terminate your domain.Therefore, set up a virtual number telling callers that the line exists for ICANN purposes only, and that the line that it forwards to is listed on the national Do Not Call list, and that they can be fined $40,650 by the FTC for non-compliance.That gets them off your back, and if you get loads of calls on your cell from spammers, install TrueCaller to automatically reject calls from known spammers.MODS, PLEASE NOTE: This message is not a solicitation, and I do not get any kickbacks of any kind for stating what software I'm using.

Clean up exterior of property and improve landscaping.Refinish common area.

What kind of cap rates are you guys seeing? 

After you have checked off the most important criteria which most of the major providers have in common, however, price is a significant factor.

I feel really upset by the time and energy we wasted with both properties, but I wanted to ask how common this is for sellers and agents to do?