With a purchase price of $125,000 and $103,000 invested in renovations, we saw an opportunity to capitalize on strong market demand for well-renovated properties in the area.

@Michael Plaks yes, it was July end and not June (thanks for correcting that) but I guess you are in high demand to stop accepting by June anyways.I did pay a bigger amount when I extended the filing date, so I don’t think I owe money to the IRS.

In the time before real estate gurus and do-it-yourself deed prep kits, there were rules about when which deed was appropriate to use.General Warranty DeedWhen a property is conveyed to a purchaser for value, the buyer usually demands that the seller promise, or "warrant" that s/he has good title to the property, and that the buyer won't be harassed by any claims on their title.

I am bullish on my city and believe there is pent up demand. 

School ratings are important because they affect demand and rental revenue for single-family homes in addition to other criteria like community amenities and proximity to reputable schools.

Just the age of the properties is a downside and I need to understand the tenant demand and mix better. 

Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.

is a demand for MTR for the film industry?

There is still demand for rentals and sales, though the demand is usually less and the prices are usually lower, and values could be stable or less.

In my not so humble opinion if the managing company will not disclose how much kickback money they get from a vendor you need to report them to the licensing authority, and demand every penny back from money they did not disclose.