Over Saturated STR Market?

[Aja Leafe-Hall]

Hi there!

I am looking at long distance investing in a vacation rental house. My parents are willing to manage it on the ground and I even have 100% financing including rehab costs from a private third party. I manage some AirBNB property where I live for someone else so I have some idea of what I’m getting into, but I am not really set up the same way to have my own rentals locally (out of my price range for one thing). I feel that I am a bit late to the game. I looked at AirDNA stats for the area I am planning on investing in and there has been a huge proliferation of STRs in the last year. So I think we should have a good distinction if we want to stand out from the crowd. I just want to pick y’alls brains here about what I should pay attention to and if I should even try to break into this market?