Rentals in Hampton Roads VA: Is competition good or bad?

[Eric Schuster]

First off - I'm total noob so trying to learn a lot.

I'm looking to buy a condo or townhouse which I plan on keeping long term as a rental property.

From looking at Zillow I noticed that there are some large-ish neighborhoods where there are few to no properties for rent, and others where there are several properties for rent in a condensed area.

All things being equal, is it better to avoid areas where there's a high concentration of rental properties?