Finally, of the extra $200k, how much are you putting into operating reserves? 

As you progress, maintaining a clear line of communication with your team, especially your property manager, will allow you to stay ahead of maintenance issues and tenant needs, keeping your operations smooth and your tenants happy.If you haven't done so already, consider outlining your goals and investment criteria with a property manager early on.

By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

While there are certainly opportunities for finding trades and deals in these areas, they’re often pursued by local, mom-and-pop operations.

Any good commercial broker is going to trim the expenses down by 10-20% from what they will be for me when I operate the deal. 

I'm also concerned about the liability that I might be exposed to here by allowing what appears to be a business to operate out of my rental.

"I actually think renting a place will get me started"If you are talking about being a tenant yourself and operating a airbnb in your rental apartment don't hold your breath.

How about the simple obvious that the inputs to deliver the service/product have a base-line and market prices have, OBVIOUSLY, been at about as lean of operating profit margins as can be. 

I know if I were to send an operating agreement to a lender that reads "LP member will receive return of their capital and 20% annualized return" they would not approve the loan.

Alt lenders will normally be higher on fees, rate and perhaps leverage at time of close but that's not always indicative of cash required to operate.