They're getting caught up in all this REI web/internet hype.

So little info in your post, sounds like all hype for more clients.What Class is the property - A, B, C, D?

The hype is now built into the prices, "they" might have been right in decades past but they are not correct today in most cases.- Whoever it was that got foreclosed upon wasn't making their mortgage payments.

The new investor who buys into the biggerpockets/ RDPD hype and makes rash decisions. 2. the need to find reliable people before investing.

Don't believe the hype.

I don't like bloatware of marketing hype, so I spent a lot of time on the back-end of things, tuning my algos to be as close to what I would manually underwrite at.

everyone is so hyped on this BRRRR book but how many can really execute it at a velocity that is meaningful.I get it for the bigger deals and well cashed up investor.. but to me starter investors with limited capital this is a very slow process.. not to mention with no experience in rehabbing EXTREMELY risky especially remote rehab.. its all great in theory.. but what happens when the contractor steals 10k from you or does work that needs to be done over etc.. most are not capitalized well enough to take on those risks or if they do they don't realize the down side.

Forget all the hype they're feeding you and just offer what the numbers are telling you that you should be offering.

I hope this is the case as compared to another hyped of scheme to lure suspecting good hearted investors into a deal that is not what it was lead to be when they were trying to sell it to you. 

There are plenty of alternatives.You have to question if you are investing in hype or performance?....