California Fix & Flippers! What's your Desired Profit?

[Gerald Perez]

Fix & Flippers! (preferably California ) how much desired profit do you typically require in order to go through with a fix & flip.

Is it a percent of the ARV?

Does it depend on a range on how much the home will sell for, or average market price?

I live in California (specifically Los Angeles area) so want to see if theres an average minimum amount flippers usually gravitate towards out here. 

Thanks!