Also it's over saturated which means the numbers are way more difficult to make any rational sense.

I do not believe the overall STR market is saturated.

Anyone buying in this saturated market is doing just that, gambling. 

A saturated STR market2. 

Be careful of saturation for different types of properties in a particular area (for instance, one zip code might be off-the-charts for return, but 3 bedrooms are over-saturated and difficult to occupy, this is the "availability layer").

There are a million wholesalers, the market is saturated with bad deals.

You are in a very saturated location so competition will be tense. 

Saturated is a buzz word.

I have a mountain cabin that is no where near rustic and is a top performer when the market is saturated with the “rustic” vibe.

I was also talking to someone else who sold two of their condos because they felt there was over saturation of AirBnBs.I guess as long as i am cognizant that this is likely not going to be a cash positive income purchase, but rather a vacation apt with some return potential then its fine.