As the STR market becomes increasingly saturated and the city of Austin increases their crackdown on illegal short term rentals, a hole is left in the market for people who need a longer stay than a weekend but a shorter stay than 12 months.

Do a lot of research about areas as many have become saturated with the popularity of STR'S. 

Austin is a market saturated with investors and money right now which has driven up investor pricing on most deals.

These are the types of people who tend to get wiped out because they think that life will always be this easy and never develop any actual knowledge of investing.Short term is also becoming very saturated in many areas making it difficult to achieve decent occupancy rates unless you have a super premium property. 

The market seems to have cooled off somewhat in the last 2 months, but in Kansas City especially, it is saturated with in and out of state investors and is still competitive--hence why you need an agent who is working for you.

So time you factored in land acq, paving, engineering, etc, we elected to go a different route. 3 or 4 more were built in 6 months so we felt market was a little saturated.

Are the properties overpriced or saturated at this point?

Hi Guanzhong, the Indy market is very competitive as eslewhere and quite honestly saturated with many investors - local and out of state.

There is not one single strategy or property type that is the best, otherwise everyone would chase that lead type and the market would be completely saturated.

Also with the discussion from my friend who still lives there he says market is saturated there for investment properties.