For a young guy with little REI experience, I can always bring my CPA and Big 4 experience to the table and add value to a partnership on the financial side of the equation.

Get your contractor's license and take the builder out of the equation. 

However, i'd like to leave my primary residence out of the whole equation all together if possible. 

What you paid to purchase this property would not be part of the equation for this particular question. 

If you factor in closing costs and the new paint and carpet, you're probably eeking up close to 30k invested and based on your numbers receiving $200/month in cashflow, which equates to less than 10%.

What I think you are missing in this equation is getting into a purchase contract with a seller that used his current realtor as a way to spike interest in the property and bring potential buyers to him with the plans to cut them out of the deal after their contract was up.  

I would network at REIA meetings, etc. to find an experienced local investor for whom the numbers are working (I guarantee you they are out there) and look over their shoulder to see if they are doing their math different than you are, or perhaps they are working on a completely different equation than you are.

It's like a math nerd trying to get you excited about calculus or quadratic equations or a language master trying to get you interested in studying hieroglyphics.

It was all contingent on me refinancing and paying the entire amount within a year.So.... in conclusion I've been able to close one OPM deal (which equates to zero down), one cash deal by reallocating some 401K savings, and one zero down zero interest deal.

You take the 26 deaths out of the equation from the one nursing home in Washington state and how many deaths are we talking about?