I'm not specifically familiar with BP's deal analyzer (I use my own).

All situations are specific to individuals.Our best wishes and empathy go out to those LA individuals and communities.It’s been about 6 years since one of our storage locations was flooded for about 4 months.  2 feet over the roof.  

What specifically are you looking to do?

For example, are there specific documents or information I should prepare, or would identifying a target property first be more beneficial?

I would also add that you join your local REIA chapter (Real Estate Investor Association) as it will allow you to network with other STR owners and get more location-specific information. 

That said, if you have a very specific issue, please contact support@biggerpockets and perhaps they can assist you.

They can offer valuable insights into the local market, potential rental yields, and specific considerations for a rehab project like the one you're planning.

Are there specific qualities or terms you look for that make the relationship a good fit for your investment strategy?

Based on how many people have moved here from other states (specifically California, Oregon, Washington, and then a few areas like NY/NJ) along with the amount of redevelopment projects and the chip factory that was put in - I think there will be further appreciation for the foreseeable future.Will Phoenix economy be depended on this chip factory?

Focus on a specialty/niche whether waterfront, multifamily, vacation props or even just a specific neighborhood to be THE expert.