Homeless new investor in St. Louis

[James T.]

Hello Bigger Pockets community. I’m a new transplant to the Saint Louis area. I stay busy with my day job as a regional airline pilot based at the Lambert St. Louis Airport. Up to this point, I have been renting rooms month to month wherever I've been based. I have recently been promoted (came with the transfer to STL), and I’m looking to change strategies and use the money I saved to invest for financial independence. At this time, I’m temporarily staying at a friend’s house, and I’m actively looking to buy a duplex or multiplex to live and rent the remaining unit(s).

I am a first time investor and my goal is to start strong. Due to my occupation, I have lived in many different cities around the country over the past five years, and I’m looking for the right city to invest. I would be grateful for any information concerning the St. Louis area. The prices here look great, even with active tenants. However, there are a large number of multifamily properties listed for 100+ days, which is a concern for the exit strategy. I'm gathering as much information as possible. Thank you in advance! 

James