It’s most likely not worth your time and effort, and being your first sale, you’ll need to know a LOT to make it successful.

Granted, I am at the very beginning of a very long journey and have a lot to learn, and so this may be a dumb question....but.... isn't an inspection by definition meant to gather information?

Appraisals can run from the simple single residential lot to the very sophisticated analysis of multi-use, large strip centers, entire developments, etc.

I feel like in this situation, you should think about what is the "right thing to do" $50 bucks is really not a lot to have your tenant dislike you, which will lead to more months of them being late, or maybe not even paying, sometimes people just need a little help.

As a newbie I still have a lot to learn, research and absorb but with the likes of @Mary B, @Jeremy Holdman, @Jerry Puckett, @Ned Carey, @Steve Babiak, @Jeremy Crutchfield etc. you are not alone.

I am far from scared of hard work and am willing to sacrifice a lot to get out.  

There really is a lot to learn, both technically and emotionally, that you may want to do what @Rocky V. said.When you find and fix the flaws in the deal you just closed on, you'll be closer to being ready to do another.That's my best advice after 20 years of landlording.

But keep in mind that there is a lot to know.  

I know it takes a lot to get the wheels spinning at first but, i am looking forward to shifting from only helping people find an apartment to finding their home.

I contributed a lot to my 401k over the years and it paid off!