I don't have a 25.2 but from what I've seen: Yes the bed folds when the slide is retracted (I think that is what the dotted line in the floorplan denotes the fold point of the bed). I think it has to fold: looking at the floorplan the bed is longer than the amount it slides out.
As far as jacks: So far I don't think there are any Vegas/Axis owners on the forums here that have installed jacks yet. I've been considering them but have had other uses for the $$ required for jacks (like a dolly instead).
Ground clearance: There is quite a bit of room under there for jacks. Its just the low skirting around the sides that gives the impression of low ground clearance (and the really low bumper).
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