I think someone mentioned earlier, it all depends on conditions and competition where you are.

If you're considering buying a foreclosure, it can be an excellent way to get a deal, but be aware of the risks like property condition and the competitive market.

Here are some of my thoughts: 1) they are work and have risk 2) in this hyper competitive RE market, there is not enough profit in the rehabs of most MLS listed properties.  

I think I have a short window of opportunity to buy as a lot of people are still waiting on the sidelines for lower rates, so less competition.

Quote from @Sanil Subhash Chandra Bose: Quote from @Jay Hinrichs: Very good.. reality is though very few will do this to much work.when I was full time buying courthouse steps I would occasionally go into the recorders office and see my competition doing all this busy work.

Global Occupancy RateLast 3 months Occupancy RateAvg.

So even popular rent estimate tools seem a little inflated unless you're outpeforming the competition with what youre offering.

The pros to them are vast though, no cap on how many mortgages you hold, they don't show up on your credit report, the closings are quicker, the rates are competitive, we only require a soft credit check, no tax returns or employment requirements, and the seasoning periods a very short.

I agree with Matthew about nothing wrong them them doing it themselves, but the rates should be competitive. 

And he's right that running an MTR and being competitive is not for amateurs.