I’d like to make the jump on my first rental property but have no idea how to get in the game.

For jobs like this in the future I plan to run as owner/builder and hire/schedule subs myself.

Although it might not be very much, that will likely be the best loan terms you can find. 

Cash flow at $250k/yr is just beginning to pass appreciation as the builder of wealth.Treat your real estate like your 401k.

If you do, you should consider consulting an attorney to discuss what you should have in place, and make sure your insurance company understands the setup as well and the potential increase for that scenario.Hope that helps.Mike

I don't like to move that much. 

You might be able to find a local handyman or painting company that has someone on their staff who is really good at blending things in.If you're looking for a first class repair, someone like that is as good as gold.Good Luck!

It's like using a persons weight to compare fitness level.

It is decided on the partnership level and depends on whether this interest is incidental to your main business or it IS your main business, as well as the overall activities of the partnership, number of loans etc.

I like the Unofficial Guide to Real Estate Investing.