Returns on flips in different locations

[Eric Sullivan]

I personally do long term rental / airbnb and it has been great. I am looking into doing some flipping and have been listening to a lot of the BP podcasts and it baffles me some of the prices people get houses for. Sometimes 50k. Where I live in the Boston area you can't get a parking spot for that. I started looking in some other areas where I have friends who do some investing to partner up and possibly do some flips so my cash outlay is lower. How should I look at returns based on location. Should it be standard across the board as a threshold target or should I adjust my expectations. I don't except the dollar value to be the same as up here where I am but just curious how people approach different markets as I have done all my current investing in one location.