@Alec Khlebopros- brainstorm and come up with 10  locations ....do some basic reserach to see what  sort of STR saturation is present  ...if any places on the list  seem to  have low  level of  Str - explore in more depth 

STRs are getting a bit saturated in Seattle & I'm noticing a slow down in the properties I'm managing out here, but on the whole, Seattle is still a pretty good market for STRs.

You don't want to invest in an area that is already saturated with the same product type you want to build.

I am new to the RE investing world and have been saturating myself with education since last June.

Austin is very saturated, can still do well but need a premium/unique product!

The report also now looks like an appraisal because the BPO mills have added so much stuff and requirements to beat out other mills for orders.Unless you live in an urban core area it is not that profitable.The reason is if you are suburban to rural there are not many comps and they are spread out. 1 order takes a bunch of time and has a bunch of adjustments and QC issues to make it work.The fee they pay is the same regardless of the difficulty.Local banks tell me the get hundreds of calls a week from agent wanting to list REO's for them.If the bank pays 2 and you have to split with your broker and cover computer platform fees,asset company training fees,yearly membership fees,etc. then you are almost working for free selling REO's.It is NOT a gravy train like people think.Yes REO brokers who had just a few listings int he boom times when things went bad they made huge bank for 1 to 2 years.Then now everything is saturated and not enough to go around.You can pick up 1 or 2 listings but you won't get rich off of it.

I’m a bit concerned about the saturation of the market as far as tourist rentals go as I’ve read that many Turkish and Russian investors have been buying already.

Should I focus on any particular deals or criteria through MLS or just saturate my market with offers that I could afford the downpayment?

I honestly believe that my results were a mixture of bad luck and a saturated mail list that everyone's trying to mail.  

I think most areas are not saturated.