I do a bit of building up bikes from parts and selling them.
End of the day I probably don't make money but I enjoy it...but I scan Craigslist constantly for crazy sounding deals...3000 bike offered for 700 or something like that. Sometimes, it's a crashed bike with frame damage that someone is trying to sell cheap and they've probably already replaced it (I live in an area with lots of people with more money than sense).
I've never got a fantastic deal on a MTB, but I have gotten some great road bikes with busted frames for very, very low prices that I just stripped for parts and tossed the frame.
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Thread: Building up a bike question.