K.Walthall- New to the Real Estate world

[Keyoddie Walthall]

I'm new to the real estateI investing and am looking to make my first real estate investment. But I'm stuck between two things. The town I'm looking to invest in is rental town. All the property I been looking at 3br and 1or2 bath house (that would rent for $1,000 to $1,200 month). I have 10,000 dollars to invest would get financing through conventiona loan. Here are my two problems. There are multiple homes listed from anywhere between 34,000 to 54,000 (3br and 1to2 bath). But on the other hand there are homes that was listed on the MLS but never got sold and then went into foreclosures. My thing i dont know which way would be best. Im looking to get passive income and expanded from there.

Thanks for any knowledge everyone willing to share.