There is another test you can try for which is a flat 500 hours, but that is extremely hard to justify on just one rental. 

I would like to find someone that can identify things that a) don't have asbestos and thus don't need to be tested (e.g. kitchen cabinets)b) things that  90%+ likely to have asbestos and thus should be treated as having asbestos (i.e. handle with extreme caution.3) Is there some certification that I can get that states that a home is asbestos free? 

As you said, having 6 months of rent coverage Is extremely important.

I do recognize the GR is an extreme case and hopefully we do not experience anything similar to GR.So their theory does not match my reality as someone who actually had well established STRs at the GR.I suggest you be leery of people who present theories without any experience related to their theory. 

In all honesty, this rental increase in a depressed area makes me wary that future increases will be more unreasonable and more extreme, and I should "get while the gettin's good."

There are definitely 2 schools of thought, finance nothing buy everything in cash, or less extreme version that encourage not taking on debt to invest - the "vermillion school".

I also am extremely dependable and organized. 

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

Either you misunderstood what was said, or you are extremely likely to get yourself into all kinds of grief following that line of thinking.   

@Richard Edgar doing a cash out loan on land is EXTREMELY hard...I might even say impossible...but I can't speak for every lender in the country on this though.