You should engage with the local players in the commercial market i.e.

Let’s unpack your ROI question in a way that reflects the reality of your financing setup.When calculating ROI with multiple loans, you’ll want to include all financing components in your cash flow analysis.

If done right, a well purchased flip will have multiple exits.

You'd have to do the research locally, market by market, to determine who the players are.

Agree, STR are saturated but given the numbers, I expect unsuccessful players will leave the market.  

The pref layer is a third party institutional player.  

You can check out this group to know who the players are.

The PMC I left to start my own PMC had at least 2 "preferred contractors" related to key players in the office so high rates and poor service fell on deaf ears. 

I know a few pro football players that had short careers.

The fact is there are more money and guests than ever in the STR world and this is attracting bigger players who will crash existing hosts if they don't adapt to the new ecosystem.