Vacation Rental Laws are changing all the time and it is become a very saturated market.

Once STR hit the craze people went to MTR and in some areas like STR the market is over saturated and it’s a race to the bottom of who can provide the cheapest housing.Have you considered just doing a long term rental?

There's an old saying, "Pigs get fat, hogs get slaughtered."

I wonder if it is getting over saturated with investors at this point...maybe not.If you are investing out of state, I am assuming you will be going turnkey.

If the market is saturated with expensive rentals, you want to focus on budget travelers.

Hopefully you have built up a nice fat list of rehab buyers to wholesale to.

If you have had alot of rain that can saturate the ground for a poor prec test.

The reason for this is that the area is saturated with renters who cannot qualify to purchase a home.You have the right idea but trying to find a property that might need some light rehab and renting it out.

Perhaps the market is saturated already…Another thought I had was to put one on a multifamily property.

I have seen overages be FAR more than they would have got even selling it on the open market.. simply because they have no selling cost  no realtor fee.. no closing costs.. etc etc.. they just get a nice fat check.. out here on the west coast this can be 10 to 50k or it can easily be over 100k right into their pocket tax free and expense free.