Single Family Homes Investing - Raleigh and Durham

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I have a question in regards to buying my first investment property. My thoughts were to buy a multi-family property that already had tenants. However, there are not many of these properties available in the Raleigh and Durham area. I went to my second option of findings foreclosure single family homes that need some renovation for under 20k. Would it better to flip the home or rent the home out because building long term capital and won't be hit with taxes as hard? Thanks in advance.