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The real question is what are they selling for, they seem to be able to get anywhere from $700-1000
My friend bought a on-roster Glock 10mm for street FFL price. So let's say $600 after tax and DROS. Sold it I think for 1k or 1100. Bought a M&P which is on roster for street FFL price, let's say about $600 after tax and DROS again. Pocketed the remaining (lets say $500, which is near abouts what he paid for the Glock and was out of pocket to begin with, then).
He says he basically got a gun for free. The math about checks out.