New Rental Property Investor: Is this Zillow find a red flag?

[Julie Desautels]

Hi Everyone!

I am new to this, and am starting to research rental properties. When looking around Zillow, I see a trend for some of the houses for sale, which goes as follows:

1. Bought - Generally 2-3 years ago

2. Listed for Rent/Listing Removed - I usually see this pattern four or five times over a year or two.

3. Listed for sale

Even though it seems to be a good rental property, should I take that as a red flag? Someone tried to rent and it appeared unsuccessful. The rent seemed reasonable, maybe even low for the area. Do you trust this pattern analysis to stay away?

Look forward to seeing what the experts think, thanks!