Will I just be wasting time and money calling in an overly saturated market or is there always an abundance of deals?

Look for less saturated markets.

I am working in markets where there are plenty of distressed properties, but they’re over saturated with other wholesalers, which is the challenge.

Which areas would you recommend for buy and hold a 2-3 bedroom SFH which would bring cash flow and appreciate(albeit slowly) in Philadelphia suburbs(Delaware,Montgomery ,Bucks,decent sections of Chester counties)20% Down payment will be 60-80 K at the most.I wonder if the market is over saturated ..

I think the biggest issue is saturation of certain markets.

If taxes going up even a little bit would make the deal not worth it, then maybe don't purchase.Analysis points could include:-Average days on market-Saturation rate-Median sales price-Inventory of homes for sale-Percent of original list price received-Change in median sales pricecompare this month to last month, but also year-over-year, winter markets tend to slow down so it's not really "fair" to compare it solely to the summer.

Some of those cities are over saturated with STR, but that's just my 2 cents from someone that visits.

It's a bit embarrassing, but with so much saturation of new info, the correct vernacular of mine suffers.Thank you again!

My one concern is that Houston is a saturated market with lots of other investors grabbing the deals. 

A big plus for markets like this is that they are not saturated with STR's so you can get good occupancy rates.