Maybe someday I'll have the bankroll and be ready to do a new build. 

Would it also be dangerous to go into a property with limited bank roll in case something seriously went wrong that I would have to fix. 

In poker, I had always prided myself on discipline and expert bankroll management. 

I had a "bank-roll" nearly the size of yours and a nice annual income.

What is the best way for a newbie, who doesn't have a million dollar bankroll to get into one of these deals.  

The size of what you acquire will depend on either your bank roll - or like Sean mentioned above, getting creative.So the 1st few questions I have are what type of capital are you working with?

Like any business the number one way to increase chances of success is to be well capitalized.Everyone talks about getting into RE with no money but the reality is your chances are probably 1-10% if you do that.If you have a good bankroll that allows you to put money down on property, pay for rehabs and make a mistake or 2 your odds of success go up to 50, 60, 70% or more.Lots of other things help a little, but no other single factor influences your chances of success as much.I tried to do this a few times in my younger days when I had little cash without success.

Everyone talks about getting into RE with no money but the reality is your chances are probably 1-10% if you do that.If you have a good bankroll that allows you to put money down on property, pay for rehabs and make a mistake or 2 your odds of success go up to 50, 60, 70% or more."

When you go larger though you need a bigger bankroll which it sounds as though you are lacking, unless of course you have other access to cash.

I felt that although there was a lot of variance, bankroll swings, in poker, ultimately with good bankroll management (having a certain amount of buy ins for a particular game, and planning on long term increases while weathering short term ups and downs, it was not as risky as one would think.