Since you are using an electric guitar jazz would be better to start off. I have a hard time fingerpicking on an electric opposed to nylon. Nylon accoustics are dirt cheap though. You can easily find one for under 300 that is of actual decent quality.
Anyways,
well that is one of the easier pieces my teacher gave me starting out. But then again he's a bit crazy at times. For example he wanted me to learn the entire book of Segovias scales in one week.
Jazz is a tough one to say since it's hard to find a piece which you don't have to transcribe the majority of it as not much is written in tab. If I had a downstairs I could put some of the music I have on my comp but I don't so that's a bit tricky.
First off I'd highly advise learning to play jazz fingerpicking at first.
A) It will give you extra practice for classical

You don't have to worry about muting strings like you do with a pick
C) You have less problems with getting the chords on the wrong strings.
Anyways the piece above really isn't all that difficult. There are definitely some easier sections in it too. Also it sounds great slow. So take it at a tempo you can manage and work yourself up.
For classical there are a lot of things to learn. Tareaga has a lot of easy to pieces (which also due to less finger picking patterns are easier to play on electric).
However if you really want to get into classical I'd suggest buying Andre Segovia's 20 studies. They are all Sor pieces. Learning each song is totally unnescacarry but learning about a half page here and there for each piece will get you pretty far along. And then you can learn some of the more interesting pieces in entirity. Personally the 17th is my favorite piece in that book. Again it's a piece which has two very different tones to it. You can either take it very slow, moderate, or very fast and sounds great at any tempo. Personally I like it best at around 130 bpm but that is really fucking fast for fingerpicking. How segovia plays it over 200 bpm I have no fucking clue.