Memphis / Oxford New Investor Help!

[Tony Haas]

Note: I am only a little over a month in deciding to learn more about real estate, but have been researching like crazy! I feel decent about my ability to run numbers, but I am currently feeling a little overwhelmed on how to choose a property. There is so much out there!  I have been looking in Greater Memphis Area and Oxford, MS. Anyone have any suggestions on narrowing down the choices? I am currently using Zillow and Realtor.com apps to look for properties. Looking at the Zillow rental map​ in Cordova, TN (suburb of Memphis) and Oxford, MS, it appears the area is saturated with rentals. Should this deter me from investing in these locations? I appreciate all the input offered! Thanks, Tony