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.