But Pittsburgh really can offer a buy in that's better than other more saturated markets.

You probably also have an opportunity to trim some fat on your PM fees if you still want to outsource the management because that's heavy.

Of course Huntsville but maybe it's too saturated?

Looking into the STR market, i would suggest a couple things to include into your property search. 1) the STR market is very saturated here so look for something unique or offer unique amenities to your guests, this will help your property stand out 2) different set of rules for properties located within city limits vs without i.e. outside city limits doesn’t require a permit which the city is cracking down on the amount of STRs on any given street or neighborhood 3) HOA is a big deterrence as a lot of HOAs don’t want any rentals of less than 30 days so an in depth search into covenants and by laws would be doing your due diligence.

Be persistent with mail and try sending out volumes of mail every month and you could start with 1k and move slowly to 5k mailers.The mailer rate in the land space is getting saturated, so you may hit mailers of 5k and not get a single deal.

Short term rentals are a way to increase cashflow, but more and more markets are saturated with STRs which has eroded this strategy.

The market is saturated if you don’t have the creativity to look beyond the top dozen or so markets.

The market is saturated and it's unlikely demand will increase substantially any time soon. 

Occupancy, ADR, and RevPAR have all been down slightly from 2023, which we expected based on inflation (less people traveling) and saturation (more available units for rent). 

The STR market was great 2yrs ago but is now saturated.