It turned out to be a blessing because there was an overabundance of short sales of which I knew easily how to maneuver through by collecting the documents and communicating with the lenders.

Overabundance.

My point is it takes years to get to over abundance of distressed cash only real estate at deep discounts.. unless your talking about c - D  F areas then those areas its always available.  

@Chuck VanDyne  the biggest risk I see with a lot of SDIRA buyers is the don't have adequate reserves in their SDIRA .. they get a bad tenant or cash flow interruption and they don't have the funds in the IRA to pay.. and they can't put anymore in that year.. so its important to have an over abundance of safety cushion if your going to use it to buy the asset as a rental.

All dedicated to getting new listings, because there is an overabundance of buyers, but not enough homes to meet the demand.

Specifically, we're seeing significant increases in vacancy caused by an over-abundance of supply, and rapidly decreasing demand as we head into recession (vacation STR markets tend to get hit hardest in recession because recreational travel is of the first things people cut out of their budget during an economic downturn)...I don't know if this is occurring in your market specifically, but it is likely to occur in many STR markets......Also, if you haven't already, I'd suggest reading up on Air BnB's recent platform changes (they now focus on top-tier, highly unique properties--think: luxury beach front treehouses).

There aren't an overabundance of good deals out there, so if the borrower is paying, the existing lender would generally extend.

This is just my two cents as someone who has played the stock market game with reasonable but not overabundant success.

There has been a lot of data coming out showing that many STR markets have become completely over-saturated with supply. ...it doesn't take a Ph.D. in economics to understand what happens when the aforementioned diminishing demand combines with an overabundance of supply.3.

It's just that there is an over abundance of buyers.