pros and cons of short sales - need advice!

[Jake Drappi]

Hello BP community!

Like many parts of the country, central and northern NJ are blazing hot markets. Houses are flying off the shelves at very high prices. I did come across a property that seems to be well below market, but I just found out it is a short sale. I will hopefully going to see it this week, but wanted to see what opinions I could foster here on whether short sales are good options for buy and hold and hopefully carpet and paint BRRRR investing.

Thanks!