Add the rice and water to a heavy bottomed sauce pan and bring to a boil, cover, reduce the heat to low and cook 18 minutes. Remove from heat and let the rice rest 10 minutes. Fluff with a fork.
Slice the bell peppers into strips. Add the oil to a pan and cook the peppers over medium heat for 8-10 minutes, until tender and set aside.
In a pan, brown the sausage over medium heat until done and set aside.
Whisk together the eggs, milk, and salt. Melt the butter in a pan over medium heat. Add the eggs, cook until done, and set aside.
Lay out a tortilla and put 1/8 of the rice, peppers, sausage, eggs, and cheese slightly off center in the tortilla. Top with 1 tsp hot sauce and 1 tbsp ranch dressing. Fold the left and right sides together, leaving about an inch of space between the two sides. Fold the bottom toward the top and roll into a burrito. Repeat for the remaining 7 burritos.
Wrap each burrito in aluminum foil.