Considering Out of State Investing in St. Louis MO

[Vaibhav Pandey]

I have been reading a lot about St. Louis as a good area for investment with high rental outputs for the PP. But, there is a lot of warning regarding not all areas being good even in the same zipcodes. What are some good area of St. Louis where I should be looking into especially if I will be investing from out of state (LA, CA). I have been told about 60% of the rent will go towards Taxes, vacancy, capx, property management fees, repairs & insurance, and I will be left with 40% to pay off the mortgage or keep as profit. I would love some comments on this. 

Also, what has been the experience working with General Contractors in the area so far? and any suggestions on some good ones?

I really appreciate any help you can provide.

[Nicholas L.]

@Vaibhav Pandey

i strongly recommend that you not invest out of state unless you are willing to go there in person multiple times / as many times as it takes to build your team and look at properties.

way too much investors on BP buy a random house in a supposedly low cost market and then get crushed with deferred maintenance and high cost turnovers.  there goes that 'cash flow' that was promised.

and with interest rates where they are, even those supposedly attractive low PP houses just won't cash flow very much.

can you house hack in CA instead?