Was the condo a good size unit and in good condition?  

Any tips for navigating the competition in such a hot market?

Economic pressures forcing landlords to adjust rental prices to attract tenants.For renters, this means more flexibility and savings, especially in historically competitive areas.

They are generally competitive 

That will give you a good idea of how it will go.Plus you can go over to https://awning.com/airbnb-estimator and put in some addresses and see the local competition.

With EPIC theme park opening in a few months, this area is seeing bookings pick up, but it is a very competitive and crowded market.

Quote from @Dylan Gomez: I inherited two homes, both were paid off one was livable, and I now live in it, the other was a rental in TERRIBLE condition.

Housing prices are high, mortgage rates are high, and competition is fierce so revenue is way downIt’s one thing if you bought a while back like many of us did, so your cost basis is much lower.

Being competitive is obviously important, but I think those 3 factors are the most critical. 

@Ella Marie, I can't speak on behalf of your market, but in my respective market, competition is tough, and the successful fix-and-flip vendors are often full-time operating businesses.