Is the rental market there saturated now or is there a large demand for rentals? 

I think that PMs and landlords follow the leader and by the time a color has saturated the market it is long done as popular. 

It falls in line with the criteria you're likely working within those markets, but seems to be a bit less saturated! 

Interested to hear people's thoughts on markets that have not been saturated with new development and still might be a couple of years away with opportunity?

Unfortunately, the Indianapolis market has become saturated with wholesalers who are attempting to move properties "off market" for prices that one would typically see listed on the MLS.

My question is how do you determine the saturation of a market.

All buried oil tanks will eventually leak due to the constant saturation and desaturation of the soil in New England, this one was likely 60+ years old according to the fill records and my limited knowledge of the history of the house. 

Tax deed auction sales are where you can get good deals, but in well saturated areas you will end up paying near or maybe a little below value at auctions.

I just assumed the HML market has been so saturated with people chasing yields that loan values have gone down and LTVs have gone up enough where selecting notes that already exist might be a better option.But yeah -- 2020 might be the year I start my own HML fund. 

Does it still make sense and profitable to invest in the NYC area given how saturated the market is today?