Hi, did you check the rental comps to see what you can rent it for? This is probably more important than the retail value (or ARV, after-repairs-value). You need to ensure that you will get an adequate return on your invested capital after you subtract maintenance costs, vacancy allowance, taxes/insurance, etc.
Also, be sure to drive by the property at different times, especially in the evening and on weekends when normal neighborhood activity is easy to observe. Safe, neighborly-seeming places are easy to rent and the renters will stay for some time (and vice versa for scary places).
Do you have landlording experience? Many an investor has sworn off of landlording after a single bad experience, usually due to not having adequate knowledge of tenant mangement or a support team (realtors, property managers, contractors, etc) to assist with getting the property rented and maintained. It's not complicated, but if you don't do certain things (like getting documentation that your tenant makes enough to pay you!) you can guarantee yourself months of losses and frustration.
If you have more specific questions, please post!
