I have 15 years experience in running a manufacturing business (kitchen cabinets) but don't have real estate experience.I want to quit my job and become an entrepreneur and after much research, home flipping seems to be my best option.Reading other posts implies that cost of capital is very high in rehab and having cash will provide a competitive advantage.

I assume like a good Realtor, I should not instruct the homeowners to move until everything looks secure.

Of course we are entrepreneurs and are all about taking risks.

With the current requirement in California that a broker must do real estate loans, can someone instruct me on how to do this properly?

Some of the most successful real estate entrepreneurs I know were engineers with good incomes that saved their money and got into real estate with their saved capital.You can get into the real estate game without capital.

Become an expert in your field, I think then, and only then, can you move from a "newbie" (denotes hobby IMHO) to an entrepreneur, which is how I refer to myself.

I will make sure to follow the instructions to better assist in my networking building.

I have followed the step by step instructions that I have read in many of the books and blogs available, and after two weeks of posting on Craigslist, and passing out marketing cards; I still haven't done a deal (I get a lot of calls from other investors though).

The Assignment Contract instructs the title company to disburse the left-over proceeds (your assignment fee) to you.

There is a product called JOMAX, you can find it at Home Depot or Lowes.Mix per instructions w/ bleach water in a pump sprayer and just soak the affected area.