Investing in Pre-foreclosure Properties.

[Antonio Estrada]

I'm currently trying to find a house to hack, and I've been analyzing many deals, however, there is this one house that is listed as a pre-foreclosure and I'm wondering if any of y'all have any experience in buying in pre-forclosures. What are some things to look out for when buying this type of property? Is it even worth buying this property? It's a four-bedroom house, one bath (I want to do a rent-by-room type house hack and I do plan on adding another bathroom if I do end up buying) According to Zillow, it's been on the market for 320 days, it's listed at $84,851, and Zillow says it has an unpaid balance of $137,015 with the original loan of $184,000 issued back in 2006. I want to know your thoughts on this. Also, how would I even go about submitting an offer? I'm a newbie so the more info the better. Thank you.