rental investment in St Louis suburbs

[Manas M.]

Hello Everyone,

I am a California resident and looking to make some investments into cash-flowing real estate properties. Since this is going to be my first OOS investment, I want to be somewhat cautious. The real aim is to see if OOS investing is something that will work for me (and of course, not incur huge losses).

I have been researching areas using BiggerPockets forums, niche.com, etc and so far really like the St Louis and its suburbs. I came across a property in Florissant on Roofstock for about 100k in 63031 zipcode and the rental estimate is about $900. There are no major repairs needed and the property looks in good shape (at least in picture and from the inspection reports).

I am looking to get some insights into the rentability of Florissant suburb. Are there enough job opportunities in the area to ensure good-working class tenants? Does proximity to St Louis area provide an advantage?

I found out that Florissant requires a rental license if owner is outside of 50 miles radius and so I would need a local PM (which I was planning to get anyways). 

Overall, Does the pros recommend this as a good starting OOS investment?

Thanks for help. Really digging the helpful resources BP community has to provide.