While it is mainly used for short-term rentals, it may give you some analytics about specific markets such as investability, rental demand, competition, etc. 

Or does no competition mean that the chances are greater of some bookings.

However, with overall sales activity still strong, competition can persist, so be prepared to act quickly on properties you love.The good news for most of my buyers is the market pivot towards buyer's seems to let us negotiate more.

Appraisers aren’t keen to train their future competition - they gain nothing out of it. 

I have done it many times and it often separates me from the competition. 

Friends close/enemies closer.always great to know the competition.

@Susan McBrideIt’s because of fractional lending.

Even in high traffic cities it can be tricky to keep occupancy over 85%, so you would have to be very competitive with your property to hit the 60% mark in my opinion where seasonality is so strong. 

In order to get the most competitive rate this way, you'll probably have to stay below 70 LTV and above a 1.3 ratio (that is why I was asking about if your sister would be paying rent).

Should I back out the deal and wait for another even with being in a fairly competitive market?