Flipping in Bakersfield, California

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Hello BP colleagues, I have always envisioned my REI business as a buy and hold business, but my wife and I have recently realized that to reach our goals we will need to flip a few homes in the next few years. We view flipping as a way to accelerate capital growth to go after additional buy & holds.

Does anyone have experience in flipping homes in Bakersfield? If so, I'd like to hear your thoughts on how successful it is, and if you engage in flips anywhere else in Kern County. I am especially interested in the spreads from purchase price to to sale price. In addition, I'd like to know what percentage of ARV flippers typically purchase at here in Bakersfield. For example, do you purchase based on a price of 50% ARV, or 75% ARV? I would guess the lower, the better.