What to look for when a property is rented over market

[Wei Jie Yang]

Hi Gang,

I have an issue. I am looking to buy a pretty decent property in a B to B+ neighborhood in Hunstville that is currently being rented significantly higher(30%!) than what the market value is according to the PM I currently use.  It's newly renovated and they leased it out in May, which is part of the reason the rent is so high.  

What are some things I should look out for in this case? What are some things I should ask? Should I just count my luck?