Newbie in St. Louis, MO

[Will H.]

Greetings everyone,

I'd say I'm new to real estate investment, but I guess you have to get started at something to be new at it.

Anyway, I'm recently married (6 months today!) and want to make sure my wife and I are taken care of. 

Keeping it very basic, I work in the optical field and my wife works with the elderly. I am fortunate to have inherited a home in the St Louis area, 95+ yrs old, fully paid. We live there, no mortgage, no car payments, just inescapable expenses like utilities, insurance, groceries, etc...

We both worked toward paying off any expenses before we married and now have almost no credit debt either (under 1500). I haven't spoken with the wife yet, but have thought for some time about owning income property.

We're very fortunate compared to so many other Americans in terms of minimal debt, but because of our hard work getting to this point, we don't have much to show in the bank balance department either. 

I would greatly appreciate any input and feedback on how we might proceed into property management.

Thank you so much in advance,

Will H