Is this a good idea for beginner investor?

[Michael Charles]

Hi everyone. I found a property that was listed on mls that has potential. It’s in a very nice area and needs cosmetic updates and some repairs. Did some research on recent sales in area and comps and it looks like it could be a great deal. I called the agent and the property is no longer listed ( I originally spoke with agent about a month back). Agent said the home owners have not been very responsive and are letting the home go into foreclosure. 

My idea originally was to partner up with a contractor and have them do the work, and we split profit when we sell the house.

Also the fact they are letting it foreclose could mean there are many other problems inside. Haven’t done an inspection yet this is very early stages as I’ve just driven by the property and researched the area and comps. 

Is this a property that is better off being “wholesaled” or should I try and partner up with contractor/financial partners and try and put a deal together.

Also this depends on the home owners obviously seems like they don’t want to sell but maybe it would be in their best interest to get out before it destroys their credit. 

Thanks for any help.