There's a ton of different strategies to do this.

This is consistent with data from sources like Zillow, Redfin, and the local Santa Barbara Association of Realtors.However, when I go to "Pick Markets" and select Santa Barbara, the median home price listed is $620,000, which doesn’t align with what I’ve observed locally.

With consistent rental income and a strong potential for future appreciation, this property offers a reliable addition to any portfolio.

What type of strategy are you looking to implement; LTR, STR, MTR other? 

Given your situation, one strategy that could work really well for you is the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat). 

Usually around 25-35 people who consistently show up.

And the ARV will be $240k and im trying to figure out my exit strategy now.

I actually close on most of my land deals; however, I do represent some local flippers in the areas so the strategy doesn't shift.

One thing that we did early on was create a website for our company that laid out our corporate/MTR strategy.

Another option is using different creative financing strategies - it's all about how you'll structure your deals.