They show similar houses sold, the date sold, and the homes are in very close proximity to the one you're viewing that's for sale.

Only you can answer that question. 10 years from now, will you be better off you sold it and made 25K or if you kept it and made rent for 10 years?

It protects you by ensuring those items are paid on time and not allowed to lapse.

Once i had several leases in my hands i just sat down and started with the lengthiest one and went through the others and highlighted any item that the other leases didn't have in the first one. 

I've done what you are planning to do and just sold my last Indiana rental.

I am planning on 3-4K for exterior and interior paint, 3k for flooring, 4k bathroom remodel, 2K to paint the kitchen cabinets and install new counters, and then 2K for Misc items.

I've inspected the house and the place is pretty clean, not a lot of personal items or furnishings in the house. 

I used to work with Victorians in Grant Park and historic items like fireplaces and original windows and plaster walls bring good money.....and you'll lose potential value by tearing them out.....also, building inspectors don't like that. 

You need to compare asking price with sold comps!

Note how I reiterate the qualifying criteria as well as itemizing what the move-in costs will be.