Over the years, I’ve seen how a tight knit community sometimes means less competition and more welcoming neighbors.

If you've got people fighting over your listing and competition trying to get into the unit, then you're too low.  

You’re absolutely right—speed is such a critical factor in securing deals, especially in a competitive market.

That means that there is now competition between hosts and you have to give people a reason to book your unit over another hosts.

He's GOATED when it comes to competitive loan terms, communication and knowledge!

Quote from @Chris Primavera: @Nick Velez thanks for the info and I have heard that the Gatlinburg area isn't necessarily a great market for your first investment because of the competition and amenities. 

Practice analyzing deals, explore surrounding markets if NYC feels too competitive, and stay persistent, closing your first deal takes time but is well worth the effort.Good luck!

As others have noted credit unions are generally competitive on HELOC's. 

But the diversification may be through a number locations of the same type property, as expertise in one area trumps diversifying into areas where you lack a competitive advantage.  

•Off-market deals: Creative strategies for connecting with potential sellers and standing out in a competitive market.