Make the most of your time before you get a contract for sale to saturate yourself with market knowledge so the instant you recognize a deal you can grab it - and don't forget that you can go into contract for your purchases before you sell. 

The market is saturated, at least in my area.  

By the time I'm ready, those markets will probably be saturated by other investors, lol.

A ton of new investors are jumping on rental property and we have new construction which is going to eventually saturate the market.I predict it will slow in a year or so.

Not my current focus (SFR), due to a few primary reasons:Higher transience = more issuesLower grade tenant, on averageMarket saturation That last item is the largest concern.

So if you are buying smaller properties and the STR nightly market is saturated with condos or smaller properties then you need to step up your design.

I started contacting real estate agents in Cleveland and Indianapolis but was told that these markets are heavily saturated with investors trying to do the same thing as me and it would be almost impossible to find a deal even though I have an all in budget of $150K cash to start off with.

Sarasota is a good spot to invest, but you have to know which areas are too saturated with deals and which are open.

Is New Jersey too saturated with the current rising prices?

Many STR markets are getting over saturated and more more regulated but overall STRs and MTRs seem to outperform LTRs if you pick the right location.