@Angela Romero Miami Dade has gotten very saturated.

Hey @Braden Alexander, in my experience the STR market has become saturated and it can be more difficult now to avoid vacancy and fulfill guest expectations.

With saturated competition and current market conditions, it honestly may even take longer. 

Is the area over saturated with other self storage facilities that'd be drawing away from your business, would there be enough demand for your business?

Those items scare people away which also keeps Chicago a bit less saturated and allows for more opportunity for those who know the market well.Keep doing your thing in Vegas because it sounds like you have a good thing going! 

There are a lot of available properties and the market slightly saturated but if you do the hard work of making your property stand out making it unique incredible theming close to the theme parks private pool and resort style amenities in the community in which you buy you should be able to turn profit.

I know Miami and South Florida is a very competitive and saturated market, but I'm a firm believer there is enough for everyone and whoever puts the work in gets their reward. 

That would be pretty good, considering how saturated multi-family is here in Santa Barbara.

Lyons, Bolingbrook and Lisle, all seem more saturated with rentals, and more risky.

In general, it's a sketchy idea to invest ALL of your savings in any one thing (which is why having a diversified portfolio is one of the most fundamental rules of investing).Also, the STR market is slowing and changing very quickly right now--last I checked, there was a lot of data suggesting that the STR market had become saturated, and that STR vacancies are way up in many markets.  ...not to mention, AirBnB recently changed their platform to focus on top-end, very unique properties (meaning that properties that are not extremely high-end, unique, and managed by the top-tier professionals are getting the short end of the stick).There are many indicators that we are in, or are entering a recession, and the first  thing people cut from their budgets in a recession is discretionary spending (like spending on vacations and STRs). ...in a recession, the STR market often gets hit much harder than the LTR market.Plus, as far as I can tell, it sounds like you have no experience running a STR (or any property)?