Should a 1st time SFR investor get pre-forclosures and REO's??

[Vic Oyedeji]

I'm a 1st time buy and hold investor in the Raleigh & Durham area. The market here is pretty hot right now, and I'm looking for some cashflow opportunities with Single Family homes under $180k.

Although scarce, some of the deals I see are in pre-foreclosure or in foreclosure status. Is it a good ideal for a 1st-time investor to get these properties? Or should I wait until I gain more landlord experience?