Quote from @Nathan Gesner: @Jay Hinrichs  Thanks Nathan thought you appreciate some real time photos of the Willamette Valley !!!

We usually need about 60k of available credit for a flip in the East Valley of Arizona.

In case STR is not working well there, you won't be able to convert it to LTR or even enjoy it yourself (well you might a few times from the beginning :) @Alice Chen - On the contrary, there is a shortage of LTRs in the Joshua Tree / Yucca Valley and surrounding hi-desert areas.

Hi Eric it’s in yucca valley near Joshua tree national park!

I'm an STR owner in the Joshua Tree area (Yucca Valley) and I find AirDNA to be helpful but I only treat it as one data point to assess my pricing. 

Even California RE values have peaks and valleys. 

Exactly.. for this reason you wont see appreciation like silicon valley  Tax's will keep a ceiling..

Purchase price: $472,000 Represented an investor client on purchase of brand new townhome with breath-taking view of Salt Lake valley (3 beds 2.5 baths, 2-car garage, 2,400 sq ft).

I've done flips in West Seattle, Shoreline and Rainier Valley (before the light rail went in).

Yes, we just installed solar on both of our Airbnbs in Yucca Valley this past March, and I believe it was about $40k per house.