Sell Paid off Florida Rental SFR and buy 2 in St. Louis?

[Jeff T.]

So my financial advisor wants me to sell my Florida rental house and buy 2 in St Louis.  Should I?

Florida SFR - Worth about $75-80k - no mortgage

Expenses - 4256/yr or 355/mo plus maintenance and CapEx

Prop tax - $1800/yr

Insurance - $1400/yr

Prop. mgmt. - $1056/yr

Rent is $810/mo

My net is maybe $250-300/mo

I think there is good appreciation potential in that area of FL over the next few years.

So St. Louis:

Advisor says he can get deals with 10-12 Cap  with 25% with Cash on Cash return of 18-20% in the $100k range.

$833/mo all cash or  $375/mo 25k down if I did that right.

That sounds good, but is that realistic in St. Louis (i don't know the market)?

So I might be able to double my cash flow, but at what cost and risk?

Any thoughts about the St. Louis market? These are rehabs of early 1900's houses.

Thanks for any input.

Jeff