Many times very few if any other competitors.

Understanding the legal components of real estate transactions will give you an edge on your competitors.

I do not know if a house would rent in these areas without severely undercutting the rents of these competitors.

Also look at the available inventory right now and see who your competitors are and see how you stack up. 9K is a relatively small amount at this price point and so it’s possible 429K is too high, too. 9K shouldn’t keep offers away.The other thing to consider is there could be something about your listing (neighboring properties, location, renovation, some other condition) that’s not readily apparent from your listing description and photos, but is a deal breaker in person.

("Competitors are too strong with their SEO", still falls under "you are doing something wrong").

In our market there are 4 or 5 main competitors that end up working on the same set of leads.

Glad to know they have a competitor, and will also check out Buildium like @Audrey Ezeh mentioned earlier in the thread. 

I'd even say a good 25% of my bookings are accepted and paid before some of my competitors even bothered to respond to what I'm sure are inquiries from the same person that asked me about rates for a particular week/month.And once on-property, if you're not checking in, being pro-active about making sure they're happy or spot checking occasionally to top them up on towels or what not, you may see your ratings tend towards the non-5 star.So to sum up, I'd say if you're coming from a long term rental mindset, the attention to detail and constant communication would be the biggest shift in mentality.  

Of course, if you bring this foreclosure to their attention, you're basically alerting your more capable competitors that there's a deal to be had here.Again, this probably isn't going to be your first deal, and if it is, it won't be a bargain.

I'd prefer to provide higher quality accommodation for slightly more/the same price  as competitors over entering a race to the bottom.