What does scavenger mean in real estate?

In real estate, a "scavenger" typically refers to an investor or buyer who seeks out undervalued or distressed properties, often purchasing them at a low price with the intention of renovating or reselling for a profit. This term can also describe someone who capitalizes on market downturns or foreclosures to acquire properties that others might overlook. Scavengers often have a keen eye for potential and may be skilled at identifying investment opportunities in challenging markets.