Why hasn't someone else bought the property?

[Mike Smith]

I'm just begining to look at properties for my first investment. I've looked at several on paper and have found a few that look like they would generate decent cash flow. Assuming no significant issues (such as repairs, etc.) that would cause an investor to avoid the proerty, why hasn't someone else purchased the property if they would generate a good cash flow? I guess I'm wondering what your experience has been regarding finding properties with good cash flow that seem to be sitting on the market for no good reason. Is it because there aren't that many real estate investors (i.e. too little demand)? I'm concnerned the property is falling in the too good to be true category, but I don't have enough experiecne to determine what is "too good."I hope my question/issue is clear. Thanks for any replies.