If buyers are financing with 10-20% down and hoping to secure a competitive property, I'll provide them an accurate competitive market analysis (CMA) and have my lender partner (or myself as a licensed NMLS mortgage broker) breakdown the differences in loan terms for an escalated at various price examples. 

With the power of assuming a loan, we have a tremendously better chance to cover this payment in the future, and maybe even take home some actual cashflow!

Any chance it's oversaturated with rentals because of the tremendous growth and press?

In order of escalation...1.

Each year there is also a 2% escalator. 

The exception will be wholesalers and aggressive off-market deal finding professionals who may use it to automate a tremendous amount of marketing. 

Value property provides certain and escalating cash flow, the prospect of appreciation, worry free income, the basis for permanent friendships with the tenants you serve, pride of ownership, safety of equity and person, protection against inflation, riches in coin and experience.

Look for people that have owned for over 10 years, and get it from them off market even at a deep discount and do the work of fixing it up and renting it for higher, or if you want to buy on market I'd definitely recommend offering below asking, as most multifamily that hits the market in these areas are tremendously over priced. 

All facts, figures, and numbers must be verified such as verifying the HOA fees or the annual property taxes by looking at the city's website.The MLS offers a place for agents, buyers, and sellers to go so there is tremendous value there.

I've heard a tremendous amount about using promotional 0% interest business credit cards to fund buy-and-hold investment deals.