Currently flippers are much more active locally than buy and hold

local ordinance requirements for your property?

I'm a local real estate investor/agent, and I’d be happy to connect and chat more.

Talk to a few local banks and get preapproved - the best financing will be for properties you choose to occupy, so I'd recommend getting something with at least two units.

I’d love to hear some perspectives from more experienced and local investors on what you think about the numbers below:$130k for 3bd 1ba for a single family house:- Reno Budget: 42k- Projected Rent: $1400Pros:1.

More broadly, would be great to connect with local experts on this forum. 

Nancy......the answer to learning about becoming an REI.....do your own FREE homework....read books on RE....RE finacining....befriend a loan officer near you and pick thier brain....the same with a realtor..... as some one else suggested, attend a local pre RE class....

The builder suggested a local bank that they use and would like to see them succeed and referred me to the commercial lending department.

The local area has similar homes without the land but closer to town with rent over our mortgage so I’m hoping it’s possible.

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.