Guests have more choices due to this over saturation so it’s harder for Hosts to stand out.  

I think the market will get saturated for seller agents and many agents will want to cash in since that's where the money (cranking up buyer cost by selling to seller way over comps and market value for homes).

I would still only consider single family as the condo, hotel, & resort rooms are in a far worse over saturated situation.  

We are saturated just like all of Florida but our growing economy has LTR and MTR flourishing as well. 

Run comps, look at how much inventory there is in the specific neighborhood you are looking at and make sure it is not saturated with inventory.

Looking for not overly saturated.

This article talks about the area being saturated with STR'S and city council looking to double the lodging tax.https://pagevalleynews.com/lodging-owners-speak-out-against-proposed-doubling-of-lodging-tax/

Chicago feels to be saturated and over priced, not finding great deals, but I could be wrong? 

This will help you get a feel for how saturated the STR market is, as well as what opportunities you might have for setting yourself apart in your market. 

A quick note on STR, the market is competitive here and pretty saturated with rentals in town(specifically those not on the beach).