Please tell me how this offer (to me) makes sense

[Matt M.]

So I just received an intriguing offer on a property of mine from an investment/wholesale company. 
I bought this property in August of 2019 for $60k. I spent 6 mos on a complete rehab by myself, put in about $15k. (20% down, rehab $ was cash so I put out about $30k). It has been rented since May 2020 for $1450. My expenses are about $700/month with $380 of that going to small commercial loan (winner!) it is worth about $175k in this market.

So the offer I received was this: $300,000 total purchase price- 0% down/0% interest- $950/month to me, they pay the mortgage/taxes/ins for 8 years with a balloon at the end. So approx $91k to me over the next 8 years and then a balloon payment of $200,000. 

How does this make any sense? Before the pandemic this house was worth $140k conservative. In the mean time, they would not cash flow anything, actually negative, and then hope they can refi and give me $200,000 in 8 years. I don’t get it, please help me understand how this makes sense! 

[Jay Hinrichs]

Quote from @Matt M.:

Kk

This is a prop bet, Matt. Looks like one, smells like one, quacks like one. I think you're right, it's all a bunch of camouflage disguising the zero down. God only knows what they plan on doing in/with/to it. I would be interested to see how they respond to you.

No response yet @Jim K.. I have a feeling I won’t get one, I’m no long time super seasoned investor like @Jay Hinrichs, but I’m not an idiot and this is a loser all day long. 

how about this.. they get into title on your asset for Zero down..  in PA it takes what 2 years plus to foreclose and longer if contested.. they rip the rents pay nothing to maintance dont pay the tax's and just walk with 30k while you fight to get your asset back.. I have seen this play many times one sub too deals there are bad actors out there .. they do 10 to 20 of these and its real money.