For those looking outside their own back yards (a strategy I recommend for folks in saturated and/or volatile markets), consider markets in the Midwest and South that are a bit more stable and still provide an abundance of cash flow and appreciation opportunities!

I like the idea of going after NPL's secured by special-use properties as I doubt that market is as saturated as the conventional loan space.

I live in chicago and the market is too saturated and expensive here with high taxes so I’d like to invest somewhere else.

BRRRR deals are hard to find in my market as well - Jacksonville, NC.With that said, we did a few this year still despite market saturation, hot market etc..Out of state investing is definitely doable, but you need a SOLID team in place to fill the positions you cannot.

In addition, our markets have general wealth that come here yearly with a strong primary demand to limit a saturation of listings. 

It's possible there was a sewer leak that saturated the ground and caused the foundation to settle.

Maybe some of the markets that get all the attention are saturated, but I'm seeing tons of micro-markets that are definitely still UNDERSERVED.

I was over saturated with real estate but no action. sooo... 

Not as saturated as the Austin area is.Best of luck on your journey!

Since you are in District Heights you may want to see what's out there, do some market research and then expand from there if you see how the market is saturated.