How did this deal work?

[John Gentry]

I've been thinking about investing lately. Looking hard at BRRRR. After doing some reading and watching podcast I got to thinking about a house my mom sold a couple years back. She sold at the top of the market for $250k. It was in a good neighborhood and really didn't need much work beyond a new coat of paint and maybe replacing the carpet. The buyer was an out of town investor and bought it sight unseen cash offer. I don't understand how they made money on this deal. The house sat empty for a few months until what I presume are renters moved in. No way the 1% rule works in this case. At best it would rent for $1800. The house hasn't been resold as its still listed in the LLC's name. What am I missing or did the buyer lose in this deal?