My biggest concern though is that the market is becoming saturated with STR's.

@Idan Shalev Wholesaling has become pretty saturated here in Cincinnati.

Indianapolis is very saturated, and fort wayne doesn't cash flow well.

It just to involved for me and the market is fairly saturated here for me.

Do you think there's a risk of over-saturation?

I love STR but if you are in a saturated market like Destin, you have to stand out to keep your occupancy rate up without sacrificing nightly rate.

Do anyone think this is a saturated market and a bad idea at this time or is it still growing?

Market saturation in the STR space for each localeTourism numbers over the last 5 years (and I would generally exclude 2020/2021 because of the abnormal covid slump and subsequent bump). 

i believe austin is just a overly saturated market right now. there is quite a few 4/2 3/2 in that area specifically available right now for anywhere from 2000-2500. might need to lower it a bit and see if it adds some interest ( if it will still cash flow )

We currently avoid:- Major hubs with out of state investor saturation. we tend to kill good deals when too many of us get to the party.- States with tenant friendly laws and/or dubious court process- Markets with an oversupply of rentals in working class areas and thus low rental demand and high turn.- Markets with inherently high taxes and owner paid utilities.