Possible for market to have oversupply of rentals?

[Bryan T.]

Is it possible for a market to have an oversupply of rentals? I am looking to invest where I live right now (in Houston) but many of the rental listings I see on the MLS have sat vacant for 100+ days, with some even sitting for over hundreds of days!

Do you need to check the saturation of the market as well when you decide where to invest? Is Houston oversaturated and should I invest here or another city? How hard is it to analyze the saturation of a rental market? 

[Marquez Griffin]

@Bryan T. 

I would say it is possible for a market to have an over supply of rentals if it is in an area of low demand. I have a friend that I met on BP that lives in California but is renting homes in Houston and he seems to be having no issues. Instead of looking for properties that are already built, he is actually working on building homes from the ground up and using BRRRR to cash flow right after they are finished. He may be able to help he is @Jess White. Good Luck!