St. Louis BRRRR?

[Whitney Lares]

Hi there! 

I am a new investor based in California looking to start investing in the St. Louis, MO area where my family lives. I am wondering if anyone has experience with the BRRRR method here. From my research it seems prices have gone up a lot in recent years so I am wondering if this strategy is still a feasible option for someone looking to start with a SFH for 150k or below, adding value with a rehab and getting a high enough appraisal to make it work.

Thanks in advance for any and all feedback!