Of course many times on BRRR with max leverage you have to write a check to refi.. so helps there

I emailed Zillow about this issue but have not received a response yet.

I would love to hear some thoughts on this and what are the recommendations to make this a sustainable investment strategy.

I have one that may be helpful for you.

The main issue I've come across is that everything in this price range would be cash flow negative.

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.

This is cool!

I have seen some that add on $ per item they send to you Appreciate all of this info  

I recommend as a first step in your education in this new type of investing - join a Community that is specific to syndication investors.  

We see fundraising wrapping up within the next 2-3 weeks.We're going to begin to put together pre-sale marketing collateral and contracts towards the end of this week.