Does the number of rentals available concern you as an investor?

[Justin Bautista]

Hi there. I'm still learning everything about real estate before I dive in. I'm looking at my local market (Seattle), there's dozens upon dozens of rentals available - and they're right next to each other. Does this concern you? I'm thinking if there's this much landlords competing to get a tenant, it might not be a good idea to do BRRRR in this narket. However I know a lot of people rent in Seatte since it's too expensive to buy, so it just doesn't make sense to me. Any thoughts?