New construction rentals in our market are over saturated.  

Phoenix seems more saturated with seasoned investors with the ability to get properties under contract while leaving new investors unable to find properties with good cap rates. 

Signs can be tricky and offensive to people in your target neighborhoods so make sure their placed high enough not to get ripped down and also that you don't over-saturate the neighborhood to the point of being obnoxious.

I live in Portland Oregon and the market is first very expensive, and also highly saturated with investors making it difficult and overwhelming to actually get started. 

However, like an investor, some lenders don't want to limit their fortunes to what the local market offers which can be saturated and will in some cases fund out of state projects.

I can’t believe that the water table is just that naturally saturated.

It is very unlikely that they would be saturated in the same way that  floor and subfloor would be. 

Atlanta is a tough nut to crack because of how saturated it is, and going this solo without spending any money will require quite a bit of luck up front, which is never how you want to rely on starting your business.Best of luck on your wholesaling journey!

but, if you can travel to an OOS market and really be hands-on for the start-up / purchase / core 4 building / stabilization phase, I think it will lessen your risk and increase your chances of success.with that said, i have to believe that even if your immediate FL market seems too expensive or saturated, there are probably markets within driving distance of you at a lower price point. 

So, there is a danger of saturation.