I can see another 5, maybe 7 percent shaved off the median home income.

I just refinanced an investors STR, he had to supply 12 moths trailing history of the STR income. 

If you are wanting to learn more about how to protect yourself as the PML, check out the book Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending available in the BiggerPockets bookstore!

My W2 income is >$550k/year, if I build an RV/Boat storage facility, will my storage business expenses/losses be able to reduce my W2 taxable income? 

Also, not diversifying overseas and having all your assets and income at the mercy of a single government is utterly (financially irresponsible).

At some point, you may decide to pay off properties so you are 100% cash flow and living off the income.

Here is a quick tip lenders usually lend you up to half your income.

If someone is working with a lower balance of funds like I am, than I'm more likely to prefer cashflow so that I can continue to afford the property as well as my life style.If I had some disposable income that was in excess of what I need to live on, than I'm more inclined to look forward towards appreciation because I would have enough wealth to take the hit now for the bigger payment in the future. 

My plan is to hold the place long-term and use it to help gain a stable income during retirement. 

In the videos it said to use the business service he promotes: Prime corporate services, so I called them and they recommended that I set up two LLC’s one in Wyoming for anonymity and the other one in the state I reside in: Pennsylvania, so that’s what I did.