Yes these sound like spec guys purchasing properties at trustee sale.
One thing though, we may be actually talking about the same thing. You mentioned in your posts contractors and spec guys. I am talking about large organizations who flip homes. In the end though there is very little difference if no difference at all is there? The people I am talking about work for syndications that have many investors and they look to flip homes. Some homes they have to perform alot of rehab and some homes they do not. You are implying that a majority of the regulars are licensed contractors or work for licensed contractors. I do not believe that at all, the regulars we see there work for the larger organizations who do the same thing the contractors do, but on a larger scale. I am sure there are some contractors there though. Why wouldn’t there be?
