It's a crap return if you buy at $460k in 2020.I'm guessing the property has appreciated to the point that the sellers are now sitting on a pretty low ROE, and are trying to cash out at the expense of unsuspecting buyer, so that they can deploy their capital more profitably.Apples and oranges, I'm afraid.

If someone hasn't already purchased it, it is probably just a fire breathing dragon lying in wait to devour an unsuspecting wanna-be real estate investor.

However, you can INVEST in real estate, private property, gold silver, notes mortgages, llamas, businesses, horses, stocks, bonds, basically anything but life insurance, collectibles, alcohol-The irs does not recommend or authorize any investment and if you look on their scam page it specifically says if anyone tells you the investment is recommended by them it is not true.

People have tried (and failed) to scam me in the past. 

If you are in MA, just google "Foreclosure rescue scam" for all the information and rules you could ever want.

Kind of had me worried I might be getting scammed lol.

@Rich Perrin why would you even bother with someone who you thought they might be a scam???

Big scam.

It's really hard there to get people out for non payment, to the point where there are professional tenants who specialize in scamming free rent. 

If I was seeking a client I would advertise, not find an unsuspecting victim.