We have been self-managing another rental out of state and so far, it has been a good experience. 

I'm trying to gauge your level of experience as I want to make sure my opinions/suggestions about STL S8 properties relate to you.

Consider starting small, like with a duplex, to get experience.

The fact that you have already owned and sold a rental property gives you a great experience to start from.In terms of the best place to invest - that is whatever place meets your criteria, goals and investing style.Personally flips have not been working as well for me lately, but when we get the right BRRRR deal those are still working well.

experience: I’m on my 3rd flipage: early 40sday job: brand and web design/development retirement savings: noneI want to learn about buy and hold to secure having SOMETHING for retirement!

I’d greatly appreciate any insights or experiences you could share on this topic.Thank you again for your help! 

Use it to gain some experience as a landlord and in two years leverage the equity to purchase a duplex.

You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

Thank you for posting that very detailed experience.

How has your experience been so far with out-of-state investing?