Identifying non-owner-occupied properties can be a game-changer for finding investment opportunities.

How do you identify emerging markets before they become over saturated?

I think what you're really asking is how to identify good value areas where rents may be trending upward but the prices still remain relatively lower.An important metric is tenant household income to rent ratio.

MarketFinder: Helps you identify potential markets across the US that fit your criteria for investing and shows you this info below plus more based on zipcode, here's an example for a zip in Denver. https://www.biggerpockets.com/marketsDealFinder: Once you find a market you can dig into specific homes on the market at  https://www.biggerpockets.com/deals

Here are a few thoughts and tips that might help as you work toward your goals:The Seattle metro and Kirkland area have strong potential for equity growth.

We have our starter home currently rented out and can potentially move back. 

For cash-on-cash evaluation of rental properties, it is critical to identify ALL of  your acquisition costs. 

I’ve spent time assessing areas locally and identified Richmond, Pearland, Conroe, Montgomery and Katy as prospective areas to invest in.

If the owner does not meet that residency requirement, another human being must be identified as the local agent in charge.

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.