Im a federal employee.

After further thinking, I think in the short term, I would like to have enough passive income to support my parents and myself so I can quit my job as an employee, and start a business venture.

Looking to start into real estate and my goals are to develop enough cash flow to cover living expenses and get out of the rat race of working as an employee.

Let's see if @Dave Foster has a sec to help.  

Hi @Sylvia Foster There is a great discussion under: Buying & Selling Real Estate Discussion  Cleveland Wholesaling and the Law.

Oh, and since the Bay Area is a big place, any recommendations on the Peninsula would be preferred (Redwood City, Palo Alto, Foster City, etc...)  

I have two tenants in my rentals and both are out of towners, and I work at a mid-sized company that seems to attract new employees from other areas just as much as hiring locals.What will cause the housing market here to correct?  

However, PM's are like employees.

With this money I can use it to put towards real estate or anything of my choosing.You should call the company where your 401k resides (Vanguard, etc...) to see what your employee allows you to take out as a loan.

Construction management is what my employees do, contracts acquisition and project management is my area, it doesn't mean I can't be a construction manager. our family owned company has 150 in-house employees at any given time, 300-400 on normal days with 3 simultaneous projects. government cost plus exists but on a monthly basis, as you know, they don't have the resources to pay you weekly, just a waste of their time.I still stand behind my statement that cost plus is a simple contract that what you spend is what you get plus a percent, plain and simple.