Either way, "comfort" means you aren't changing or progressing. :) 

We will have to re-evaluate our entire plan.  

That’s why I’m telling you, evaluate this very well, especially since the house was on the market for over a year.

That leaves nothing allocated for the other costs.I suspect you are going to find it difficult for someone to accept a cap rate evaluation because 1) their financing will not be based on a cap rate evaluation 2) you do not have the actual NOI that would allow a cap rate valuation.The cap rate valuation is not likely to work even if you had NOI because this RE does not require commercial financing. 

Because of my inexperience, I’m also evaluating turnkey properties as an easier way to get started.

They often do not know how to evaluate a property and are grasping at straws.

As my professional career progressed from a CAD drafter to a project engineer overseeing major construction projects, so did my willingness to take on more challenging projects.

Evaluate how much you'd spend and how quickly you'd make that back. 

A faker will be fearful because they have to pay $50 or so to have the company evaluate their animal.  

When evaluating your loan vs. your rental income, is it better to get a longer-term loan (i.e. 30 years) and have higher cash flow versus a shorter-term loan (i.e. 15 years) and have negative cash flow but pay off the loan quicker.