Buying in neighborhood that has lots of rentals

[Brandon C.]

Tempted to put an offer on a SFH tomorrow that is priced well, in good shape and should cashflow well. My one concern is that there are a lot of homes that are already rentals in the neighborhood. I'm guessing 30% of the neighborhood is rentals. Any concerns buying into an area like this? I posted an ad on Craigslist with basic home details and general location. I set rent at what I thought was a little high at $1200 just to see how many responses I'd get. I was hoping for 1. I got 4 in about 18 hours. Thoughts? Thanks!