I started by looking at typical vacation destinations (popular beach/mountain towns), but after researching occupancy rates on AirDNA, I was surprised to see that occupancy rates in my hometown area (an ordinary suburb of Dallas) are just as high or higher than those in many major tourist areas.

For those of you who are not flippers, but rather ordinary W-2 folks who are trying to househack or build wealth through RE, how do you estimate how much money it will cost you to fix up a home?

So, if you collect $100 in rent for the year, you pay tax at your ordinary rate and I think also self-employment tax.

You may need a business that generates ordinary income.

Finally, I imagine certain investors (either through syndications or active investments in real estate) amass a lot of passive losses which cannot be used to offset ordinary income. 

Finally, I imagine certain investors (either through syndications or active investments in real estate) amass a lot of passive losses which cannot be used to offset ordinary income.

Profit from flips are taxed as active, ordinary income which includes self-employment tax (15.6%). 

Each time I was there, nothing was out of the ordinary.

@Davis StonerInterest payments are taxable at ordinary income ratesBenefit can be a seller may be able to get more for the property and not get a lump sum payment which could impact their taxes and instead payments over time to potentially keep them from paying capital gains upfront

I was watching a Meet Kevin video (here is the link) and he talks about the detriment of ordinary savings.