I don't understand the math of this? If the company is paying way over asking price, they will be losing money for some number of years while renting the proper

I don't understand the math of this? If the company is paying way over asking price, they will be losing money for some number of years while renting the property. I guess the idea is that eventually they will turn cash flow positive? So these companies have a bunch of cash in reserve? My personal experience in recent years, in the city of Atlanta, Atlanta suburbs, and Philadelphia suburbs, is that I do not see companies buying up all the houses to rent. In the Philly burbs in particular, I see traditional home buyers bidding up the prices. Even with the high interest rates, the low supply is still causing a good bit of competition for each new listing that is in good shape. The supply of rentals in this area is pretty low as well. So if there were these large swathes of homes going from family owned to rentals, I would think it would be pretty obvious when I'm looking for a rental.