A lot of them were also underwriting high ADR and low expenses which isn't really the case out there for utilities, saturation etc.  

I hear of people buying properties that barely cash flow and then occupancy goes down due to market saturation. 

I'd consider both to be pretty saturated, but Indianapolis being more on the doable end of that still.

I don’t believe it is but my market is saturated.

Is it possible that market is saturated, leading to lower rents, if that really is the number?

Every review I have read praises it's process, but I also noticed that the used saturated markets to test.

I do not believe that we’re over saturated, in fact our exposure over the past few years has been quite remarkable and we are seeing a great deal of guests that have never been here before added to the already large guest base that has been vacationing here for decades.

Don't forget over saturation of STRS in certain areas. 

Not sure if they are saturated with rentals or not.You could go on HA/VRBO and see how full vacation properties calendars are and what rates they are getting.

Social Media Marketing (SMM) is a great tool to generate leads and network.It's becoming extremely saturated though so you must always think outside the box.Watch what others are doing in your area and then look for ways to tweak their techniques.