If your value and rents go up over time then you come out financial far ahead of the person that succumbed to the trap of "financial security means collecting rental income from a free and clear asset."

That was the first thing I noticed too when looking at your numbers. 

I've also noticed pics of different properties than what is being advertised.

I was going to finish caulking a bathroom that wasn’t caulked correctly, and so I was cleaning along the edges of the plastic insert of the shower, and noticed chunks of black stuff kept falling.

Since you agreed to give it to him, I would, but when the lease expires, I would ask him to remove that clause or at least have a discussion about why he wants it, if you elect to stay there.I would place in writing the violations on his side, that you know he violated your privacy and is breaking the law to not provide you adequate notice, and that you will take him to court if he does it again.

In illinois they are public notice.

I plan to give them a 60 day notice.

As with any good NY tenant/landlord exchange, use written notice and certified mail to prove "effort".

That lets me get ahead of the potential headache of an unreported issue.

Note: a Mortgage Credit Report will pick up dirt that those worthless "Online" consumer fico score reports won't show.Depending on how much of a Credit Criminal you have on your hands, in addition to a substantial "refundable deposit ask for 1st month's and last 2 month's rent up front (note: need to open an escrow account to deposit the rent payments and deposit collected)Write lease with an "EPD"  (Early Payment Discount), meaning if they ensure that you receive the monthly payment BEFORE the 1st day of the month, the rent is discounted $50, $100, $300 or whatever, depending on if you are leasing out a $50k home or a $3,000,000 home.And the very first time the rent is 5 days late, hire an evection company to go post an eviction notice to start the process and/or show them you are not playing and they will likely ensure you receive the rest of the rents on time after thatAnd I could go on and on listing things to do, but these are a few good ones