Today though, we are in a high priced environment with expensive money.  

At this point I will have pick up about $450K in appreciation after sales costs, but that is before taxes and I am in a high bracket. 

I found a house that I think has potential - AirDNA is estimating 62K/year at 63% occupancy and $273 a night; however, I spoke with a Vacasa rep who thought those numbers were a little high.

The first people that lose their money in a downturn are those that are lending at insanely high LTVs without adequate underwriting experience including determining if the borrower's qualifications based on credit/character, capacity, and collateral.  

There are some "lenders" out there who "do" incredibly high leverage or 100% financing, but be wary of these as they often try to renegotiate terms before closing/run out of capital/go bankrupt.

DFW area has some of the best population and job growth in the country. 

Can you define what High IRR means to you?

I've you've already used $315k, you have $451,550 left.https://www.veteransunited.com/education/tools/va-loan-limit...Even though $515k>$451k, You CAN still use your VA loan on this duplex (and I highly recommend it).

I have over two years of 1099s, a very high credit score, and enough capital to put down a 20% down payment on properties around $250k-$300k.

I'm thinking something that could auto populate industry average estimates on time for certain tasks based on the inputs of the work.