Invest in OC, Ca. Is it a good idea?

[Bamboo Root]

Hi everyone,

I've been looking to buy a property in Orange County to invest in short and long term. I saw a lot of listings on MLS that are short sales and REO. Is this a good way to buy? I plan to down 20% with a conventional loan and rent it out for 2 years and sell it. Still I have to put in $200-$400 each month on the property after rent, insurance, property tax, and property management. Is this a good strategy or is there a better way to invest in OC? Thank you for your ideas and inputs.