The Orlando area is pretty saturated and you will have to stand out to be successful.I feel you are setting yourself up for failure.

The market is pretty saturated for the job type.

Everything is overpriced because of the plethora of buyers saturating markets for investments.

Assume you are not the only one adding to the market saturation and run your numbers for a non-optimal year.

Does this mean that there is an over-saturated rental market? 

I live in Twin Cities, MN but this area is very much saturated by investors where the numbers didn't make sense for a while so I went in the Kansas market.

Stay focused on the target returns This market is extremely saturated due to lack of inventory, and low mortgage rates - so unless are 100% sure in the area/market you are investing in that appreciation is happening due to good fundamentals growing population, employment growth, centralized location, walkability/amenities, etc.

We are in Miami and as everyone knows the market is overly saturated with competition and I have suggested moving to other places whether Central Florida or Indiana where she has family but her concern is that since we are an interracial couple (I’m hispanic and she’s black and our mixed kids) that she wants to stay in a melting pot and close to family.

Or would the tank and leach fields over saturate?

This is an area that is not saturated with investors so we were able to make an offer on MLS and gain the property.