Investing in Saint Louis, MO

[Ramiro Ramirez]

Hi Guys, I'm new to investing but want to start small. I live in OC, California, where nothing is really affordable. I've been looking at the Saint Louis, MO, area 20 minutes to downtown area. Some zip codes look really nice, and I've been looking at what rents are going for and they seem like a good opportunity for cash flow.

EX: Saint Louis, MO 63134 (3bed, 2bath, 1,288 SQFT)

PP: 70,000

Rents are going: 1,000 - 1,300

Is this a good idea? What are some things I should be on the lookout for? 

Thank you,