STR's are overrated and saturated. 

Those areas near Orlando are pretty saturated with investors in my opinion because people want to be close to Orlando, but pay less.

Typically speaking a 2 bedroom will bring in more if all other metrics are the same (i.e. location and amenities).In saturated and competitive markets I really do not like 1 bedroom or even 2 bedrooms as the barrier to entry is low and you will always have a lot of competition, and you are even competing with hotels at that point.Also building HOA's are scary, and Florida implemented the milestone inspection which means special assessments in most cases.Without diving deeper on all the numbers I cannot it will not make sense, but in my experience it will not make sense more times than not and it is risky.

Also, while permits are available, the STR market here has become saturated and receives constant pushback by the NIMBY locals. 

Many investors like the area as the buy-in is more conducive than other saturated markets.

I’ll keep diligently searching until something comes along that we believe makes sense.My mom and I started a business in California after we were told “don’t bother it’s an over saturated market“ and “it’s too difficult“.

The Poconos are saturated with Airbnbs, so they have imposed many restrictions in many communities.

Oregon is so expensive and saturated and you won't be able to find any positive cash flow there.

Louisville seems to be becoming saturated with "luxury" apartments, so my guess is that the <$1000 rents are a solid bet. 

Investors, both local and remote, like the Pittsburgh market as it's often more affordable than other saturated markets.