Ended up getting an offer at asking, but the appraisal came in way lower than I expected.

But ideally you'll get more if you remedy the above 4.

So, how is a TurnKey provider going to get higher rent than the market?

I’m a family man also with a couple teenage kids,, I feel if I can get more properties now, it’ll help my kids to own & live in one of those properties that they wouldn’t be able to afford 1,2,3, or 4 decades from now when I am gone..

What I am getting at is, that tenants are often late, and you will have to become accustomed to working with tenants.

The path is clear, step 1 is GET INFORMED. 

Many developers get hit with subsurface surprises, delays, and budget overruns, even after site surveys.

If there is something going on that is making you fearful then you may want to get law enforcement involved.

You get 75% of that in a loan - 221k. 

Have them use a loan servicer so you don't get into future disputes on the balance, plus then the servicer can handle the escrows.