The investors I am talking about flip the properties right away. They are not holding it for a rental.

Of course, but who are they flipping them to? My guess is that many of the folks that they’re selling these properties to are “investors” that are going to try and rent them out. If they’re buying at those steep discounts and then getting out from under them right away with a profit, they’re the smart ones. The ones buying the properties from them? Probably not so much…