In this market you may be able to pivot to LTR propertieries that cash flow for less money.High prices, high interest rates and saturation are certainly making this more difficult to get into a STR.To offset some of this you need to buy at a better price.

With the more rental units, it becomes much more important to pick a property that will stand out from others if the market does get saturated.

I have heard from other owners in more saturated areas of San Antonio have been having the same issue with minimal reservations.

But again I think the only risk this go around to rents as the job market is very strong and getting stronger.. is the over saturation of rental units..

Scottsdale is definitely saturated with STR's currently.   

The Spokane market is also saturated with off market buyers. 

And not much saturation for STR.

However, you really have to saturate the carpet and this can get expensive really quickly...that stuff is not cheap!!

We basically saw a 25-30% increase of listings year over year the last two years which has saturated/diluted the market. 

Mixed use/commercial/retail.  2 years ago, I would have invested it in a multi family redevelopment but that market is quickly becoming saturated.