I think this would pose an issue since it would mean more competition and potentially a saturated market.

In addition, there are some serious headwinds in some markets with saturation of units, the demand for travel slowing as people struggle to pay for things such as housing, healthcare, food, etc.

I additionally wonder about over-saturation in the STR market with SO many people getting into it, but from reading other threads on this forum etc, it seems like there's good reason to believe that demand for STRs will continue to be healthy, and as long as you can work really hard to stand out from the competition you should be ok.

Only good news for purchasers is that there were 36 demo permits issued in the last 30 days, which means the market may over-saturate soon and the pricing may calm down a little.

As such, it undergoes very large compression/expansion based on how dry or saturated with water it becomes.  

We are concentrating on finding "value" because as you've seen, the NOVA and DC single family spaces are extremely "hot" or as I would say over saturated with buyers and agents who are overpaying.So how do you get around this? 

The overall RE investment market in Austin is very saturated at this point in the market cycle.Note, however, that rents do appear to be finally moving upward in the Austin area in 2019.

I have obviously saturated my brain today........running the rental calc shows decreasing annualized returns each year, up to year 30. 

I'm for sure open to in state or Brainerd eventually but would prefer to do a Fort Myers, North/South Carolina etc, even the over-saturated Orlando/Kissimmee market, more of a vacation destination for our first one.  

Lack of creativity and over-saturation in certain markets will also lead to a lot of inexperienced folks opting out.