We know the market is generally still competitive and a sellers market.

You may find more property in the south, but you'll find higher rehab costs (generally).Maybe this is an unpopular outlook, but if you follow the herd, you'll tire of the competition.

Really heavy stuff to haul out. 

So what can do is moving non-homeowners into an owner-heavy area while owners still maintain it, which actually does make rental areas less concentrated.  

You have to manually run the numbers by getting comps from the competition.

@Hubert Chen...I do a good amount of construction loans in CA, and there's not many groups out there who will do this as $$ is more competitive and investors need to make their return. 

It is still very competitive here but cap rates are going to be more favorable than Miami. 

Given how competitive both of those markets are, I would start calling brokers and building relationships.

Ive noticed the mls is very competitive.

The high prices coupled with the saturation of the market (high supply = competitive/low ADRs) and Disneyworld still lagging its pre-pandemic levels means you'll be hard-pressed to find a good deal.