St. Louis suggested areas

[Danny Herries]

Hi St. Louis investors,

I am considering purchasing my fist buy and hold property. I need suggestions on where I can go to generate good cash flowing rentals. I am considering Ballwin, Manchester, Webster Groves, Kirkwood, and Richmond Heights. I realize I could probably get better cash flow in the city or other less prosperous areas but I feel I will find a better type of tenant in these areas. I plan to spend between $90,000 and $150,000.

Also, does anyone in St. Louis get close to the 2% rule/ is everyone at least getting 1% of the mortgage on rentals?

Thanks,

Danny