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 live in an area with very large incomes, and low house prices compared to the rest of the country - there's dozens of cities and towns in Canada like this, so don't paint the market with a broad brush. 

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!

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.

But, besides competition, why would I, or any other appraiser want to share my income when business is generally scarce at the moment. 

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

Next $1 million split between income and equity.  

Simple addition to a SFH?

Feel free to reach out and I can give you intros.You are free to post self-serving comments, it is a public forum.However, please refrain from "ignore him" when you disagree with other people.Flat fee and fee-based advisors still earn commissions in addition to their fees, and in fact make the majority of their income from sales.

Will I be able to get away with not adding 2 additional HVACs?