NEWBIE: St. Louis Multi-Family Investing

[Mitch McCray]

Hi everyone,

I'm an aspiring multi-family rental property owner living in St. Louis looking to get into the rental property investing scene. I'm currently in the process of reading as much as I can through books about investing (particularly house hacking which I'm most interested in). My biggest concern is the market itself (I'm from Florida) and where (if any) locations exist that have the potential for appreciation and cash flow. I don't want to live in a particularly sketchy area as someone who will be a tenant but I also don't want to sacrifice all appreciation potential just to live in a capped potential neighborhood. I'm looking for the next growing area in STL  - the Grove seems too expensive, Shaw seems like its on the tail end of its boom, anyone know anything about DeBaliviere Place (I know WASHU had a redevelopment program in place for this area and some other areas around delmar) or other areas with potential? Or should I just go with the safer steady high occupancy areas around TG Park? 

Any guidance is greatly appreciated!!