Of all the areas, you suggested to me that there are areas that are more saturated in the construction of STR buildings that will be ready in the coming years when there will be much more competition in a few years on the market - for example Downtown - what do you think is the most strategic area for this issue?

LP has become over saturated, in my opinion. 

Louis are good markets, but I think that they’re already saturated with investors. also curious about finding out how many vouchers are ready given out.

The market is certainly saturated.

Now that’s not a teaching question, I can’t give it up, it already got saturate because things moved online, (sherif sales) Thankfully some are coming back in person.

They aren't licensed or insured.At least a PM is typically licensed and insured.From what I've heard Joshua Tree is very saturated so it sounds like your doing good to break even.Since you seem to be doing everything right and going beyond what many are doing, adding someone else to manage the property will just lower your Net profits from having to pay them.

Yeah I might stick with that, it’s hard to find deals anywhere but at least you can get deals done in the smaller markets, in addition to flip I got I lost out on another one by 4K and probably should have just gone higher, a few other deals I was interested in “only” got 4 offers and they were well priced, my point is it’s hard everywhere but you can deals done in these types of areas. almost any asset class in any major metro is just over saturated and you end up with a “ winners curse” when bidding .

I had looked at Tulum but heard but heard there is an over saturation and they are not getting the occupancy and they are still building.

Some areas in SW Florida are showing signs of over saturation, but this investor is showing great revenue and over 90% occupancy.  

Great post Mike, these fundamentals can be taken to any market.Understanding the traveler demand and needs, seeing where the market may be lacking (and avoiding where they are saturated), then catering to that market.