SFH great deal but foreclosure?

[Brian Towner]

Alright guys I need some advice. I've spotted a SFH 4Bedroom/3 Bath 2004 Sqft about a 5 minute drive from a Military base. It is a foreclosure at 171,000 dollars but zillow estimates it at 300,000 dollars. From the pictures it looks like a very nice house needing no rehab.

I had two options, one to buy and hold and rent it out preferably to military because they have a guaranteed pay check. Rent is estimated at 1900 a month.

 Two, I'm not sure if you are able to buy and then flip foreclosures which is why am asking.

In your opinion how would you go about acquiring this property? What questions should you ask a realtor if you even need one? What are some troubles with buying a foreclosure if you have no money down? I am active duty so I have the VA loan as well.

Thanks.