Quote from @Hemed Tov: I would really get with someone in that market that can dig in see what is going on with the market (comps), and also maybe the rehab was not as good of a job of what the market is yielding at 300K property.

The best strategy really depends on your goals, risk tolerance, and your market conditions.

Look at their marketing strategy.

Quote from @Brandon Croucier: That’s a killer loan if they are actually offering that.Seems extremely below market value as even primary mortgages are higher than this right now.I would beware of a bait & switch on this. 

If it was on the MLS or is in disrepair and no one else is bidding on the property (say an off market motivated seller) then yes sometimes.

easy to build, rent, refinance repeat. might not be your market. look at the underwriting model. we underwrite every deal not only with fresh comparable but market economics change. land costs go up or down, construction costs go up or down, design modifications improve the property, comp sets can get more favorable or less favorable.

Working in this space has provided me with keen insight into the special dynamics of legacy owners, including the exit paths that are most attractive to them.If you are looking to sell or buy in the Central Ohio market, I’d love to put my skills, knowledge, and experience to work for you.On top of being an agent, I am also an investor, as I believe in not only talking the talk but walking the walk.

In my market - new build duplexes dont cash flow well but are typically a great 5-10 year investment. 

Not when the context is around how will layoff's from such jobs hit the local real estate market. 

Campus housing has been under tremendous headwinds for the last 4 years.These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.So sorry to hear about your investment.