My recommendation would be to get a few deals under your belt in your backyard then venture to the St Louis side when the great deals come along. 

You could do a partnership, joint venture and other variations. 

Ive been living here about about 1.5 years and decided a house hack is the best way for me to get started in my real estate venture. 

As I venture out to other markets, I will be looking at local management companies to leverage their knowledge base as they will be a key factor in a successful investment.

I would do a Joint Venture instead of a Partnership for legal and tax reasons.

Hey @Peter ForrestI work often with investors in setting up operating agreements so that all parties can participate in predetermined roles of different joint ventures.

Eventually you could venture off on your own.

Joint Venture – You can partner with someone for your first couple of deals to learn the ropes. 12.

Flipping using joint venture partners4.

If the IRA were to joint venture on a deal with someone who is not a disqualified party, the IRA would receive its overall percentage of income, costs and taxation and the partner would separately have their own portion they would treat appropriately - whether also in an IRA or personal.