If you are trying to convert a property under and hoa into an str, your job gets even more complicated as the HOA itself may have its own regulations IF it even accepts it at all.caution: STR market is over saturated in these parts and some of them are shuting down and being converted into corporate housing, mid term rentals, or furnished long term rentals.

Saturation has always been an issue in that complex and only select floors offer gulf views depending on the building. 

Mid terms are popular right now, but make sure you have another exit strategy that works for you in case the market you choose is saturated, has governing limitations or just plane doesn't pan out. 

Wholesaling is a crazy saturated and difficult strategy.

For the last few years I kept thinking the market was going to get saturated with rentals and drive monthly rents down, but they keep building, and people keep moving in. 

I just don't know if OC is too saturated with rentals for the summer and we would not bring in positive cash flow to make money off the rental.

Are there still good returns or too saturated? 

SFR in rental market saturation.

I build duplexes in areas that have good duplex comps for long term holds (avoid overly saturated areas).

One thing I'd keep in mind with mid-term rentals is I expect the mid-term rental market to get highly saturated at some point just like the STR market has.