I hear good things about both and I know you can get 1% rule in Cleveland, but then I hear about so many people going to Saint Louis. Is there something secret I don't know about it until i join the special club? :) Thanks
St. Louis is very diverse in terms of property types and values. If you plan to purchase off the MLS then you will not find many leads that meet your 1% rule. If they do meet or exceed the 1% rule then you may be in a neighborhood that is known for higher turnover, little or no appreciation, and subsidized housing. If cash flow is your top priority then you can do well with investing in St. Louis. Just be sure to partner up with a good property manager if you plan to invest remotely.
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