There's not a lot of accountability in some firms I found.

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? 

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

Quick info on me that could possibly help: Licensed realtor, good credit, first rehab I’ve owned but not the first flip project completed by the GC or by myself as the realtor, strong W2 income in addition to real estate.

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

The additional person also increases the chances they have funds in a bank account that can be seized, as well as other assets that can be seized (verify bank vacuuming is allowed in NY). 

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

You should get out a spreadsheet and add up any expenses you'll be paying and take this off the annual rent (taking account for vacancy).

Account Closed this post should be under Classified Forum.If you are the owner, why aren't you posting addresses?

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