help a newbie with some doubt

[Tiffany D.]

I am a newbie that is getting ready to jump past the analysis paralysis.  Sorry for no pic, but I cannot upload on the app and have not had a chance to access BP from the Mac. Here is the question...

I have two houses that I am considering for a buy/hold/rent scenario. Both are foreclosures but one is in much worse shape than the other. I believe that the "busted" house has more potential. Its close to a college, nicer area, and surrounding homes are worth more. The other home needs work as well but not even a quarter  of the "busted" house. It's really bad.  

Should I tackle the house that I feel has the better potential as my first purchase? My instinct is yes. I would love some perspective! 

Thanks in advance!

Tiffany