I'm new here as well and I am far from being a successful investor, but I can offer you some advice that's helped me.

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/ - LISTEN TO THIS TODAY!

Listening to the BP Podcasts is a great first step.Only way I would involve my primary residence house on a flip is to partner with someone experienced and successful.

I am  extraordinary, resilient, positive, competitive, a great negotiator and salesperson, and have been successful at all of my previous careers, but, I really want to clarify the first steps with someone who has been doing it. 

I love @Aaron Mazzrillo and he is a true transaction engineer in the Republic of California.California for terms deals such as lease options and installment sales purchases requires strong knowledge of agency law.The California BRE, bureau of real estate, requires a license to talk to sellers and buyers about buying and selling and leasing residential real estate, unless you are a principal buyer or seller and not assigning.I advise most California investors to do Delayed Sales and Purchase agreements w rights to occupy, losing their earnest money if financing is not successful.

It sounds like you have a good background for a successful REI career.

If that really matters, then you should be doing the same.Continued success!

I would like to extend an invitation to have lunch with myself and my partner in the near future to discuss your success and future goals in RE.

@Benjamin Cowles To be successful in the industry does not mean that all you do is buy property at a steep discount at the expense of a seller.

I understand that ANY rental investment is going to be more work than I can imagine right now, but I have done some incredible things in the past, and, for my 3 daughters, have no doubt that I can and will do whatever it takes to make it successful.