Yes, this is more along the lines of what I'm looking to do; I understand it's very competitive - I guess my follow-up question would be some good tutorials explaining spotting vulnerabilities, how to find them any other useful resources.
Err.. it doesn't really work that way. To learn how to look for vulnerabilities you need to learn how to read code(and learn how to code, obviously). It's not really a job where you read some guide and after a week you can start looking for vulnerabilities.