Property with Rent paid by the government?

[Nitish Gupta]

Hello,

I am researching to purchase my first real estate investment property. An agent suggested a property in the 70-80k$ range, currently occupied by tenants. Apparently, the renters are of low-income earners and the rent is being paid by the government, which continued to come through the entire lockdown period. Is that a good investment? The agent calculated a 13% ROI and said such properties are the best to look for as the govt will keep paying, and no need of any improvements as that will not increase rent. I would appreciate thoughts on this