Great deal! What's the catch....

[Maxwell Xavier]

Hello! My name is Max and I'm pretty new to real estate in general and I'm more of in the process of just educating myself more than anything. There is a particular area where quiet alot of real estate is avalible, the town is mostly B and C neighborhoods. The majority of the real estate avalible is either single family homes or small multifamily homes. After scanning the market and area it seems as though the majority of them are fairly priced or under priced. My concern is that there are so many avalible.... There is a fairly large university right in the center of all of this real estate so I'm worried about why are there so many great deals avalible and why has nobody taken any of them? Are the any particular factors that I should be looking for other than location and economy because based on those alone they all seem particularly good. Thank you!