Step 1- 10 to flipping houses

[Account Closed]

I am currently in the process of setting up an S corp to begin flipping houses. I have about $120K in cash and plan to use hard money to come up with the difference. I would like to stay in Ventura County because I know the market very well and understand prices. What type of minimum return should I be looking for in flips when using hard money? What are the typical cost in hard money that I should be aware of ( points... ect) ? Is there a rule of thumb for cost of hard money when calculating deals? Is their a cheat sheet for calculating repairs? Prices in Ventura County are $350K+ . Do I have enough money to flip? 

Thank you for your help. It is greatly appreciated. 

[Don Harris]

@Account Closedmentioned above, you cannot make a better investment than those books for beginner in depth information.