Targeting rental markets in St. Louis area

[Ben Kirchner]

I live in North Carolina, but have a lot of family in the St. Louis area.  Some in St. Charles, MO and some in Belleville, IL.  I'm expanding my search of rentals in this area.  I would be looking at properties remotely, and getting help from my family to be my "feet on the ground" to tour properties.  I wanted to get input from locals on the best rental markets in the area of St. Charles, MO and Belleville, IL.  

Thank you!

Ben

[Denny Robert]

@Ben Kirchner there are a ton of great rentals St Louis metro area, both the Missouri and Illinois. Belleville is a good market that has some fair deals. Like Lee said, determine your strategy.

However I must say, St. Louis is generally a cashflow market, so I would aim for areas that capitalize that cashflow. The only areas where appreciation are more likely to happy are areas where people are moving... such as areas of the city that are gentrifying/have external factors such as jobs and incentives like Wash U's Live Near Your Work Program. I personally would recommend targeting cashflow properties in these areas that are most likely to turn.