Oceanpointe Investments owned property... hmmm

[Jaron Walling]

Hello, 

Newer member to Bigger Pockets but fairly knowledgeable with residential real estate. 

Question: I'm looking at duplex in Indianapolis, IN that's listed for $60,000. Condition looks okay from the pictures. Before wasting anytime my due diligence has me looking at the property records; I instantly see it's owned by Oceanpointe Investments Limited. They purchased the property for $110,000 in April 2017. How/why is this property listed so low? Should I completely avoid this deal? 

I've been on the site for about a year (finally made an account) and read a lot of negative things about that company etc. 

Thanks