Each of my daughters trained two a piece. We got them as three time losers (BLM has a fancier term for that program). They were all about 7 years old, gelded, and made nice kids horses.
They weren't big enough for ranch work, and being that we bought them outright, the kids were able to sell them and use the money for school clothes and extracurricular events. All went to homes with kids who told us they were fine.
They didn't seem any different than any other range bred 3 or 4 year olds that we've had. Just decent little horses.