Looking to Make First Out of State Multifamily Purchase

[Sam Howe]

Hi BP community - long time lurker, first time poster here! I've been slowly studying real estate investing over the past 2 years and am gearing up to make my first out-of-state real estate purchase. My goal for this deal is to purchase a cash-flowing multi family property to buy and hold. The idea would be to continue to scale in the same market with an established 'core four' team. I'm currently considering a couple of 4-plexes in the Dutchtown area of St. Louis ($200-300k range) and would love any insight on the neighborhood. The properties are simple but well kept, and I am seeing rents around $650-$850 range for a 1/1 around the area. I understand that Dutchtown is more of a cash flow play currently, but is there any appreciation on the horizon? Any and all info welcomed, very excited to put the rubber to the road here so to speak!