@richbaer as in no lead paint?

Paint over it, drywall over it, cover it.

Painting standards?

So if your IRA/LLC owns a rental property and you want to save a few bucks by painting it yourself, that is a prohibited transaction and the IRS could void the entire IRA (not just the part in the LLC).

The property is turn key, updated with laminate flooring, tile throughout, with new paint on the interior and exterior.   

Some repairs are considered normal wear and tear, eg. depending the length of the tenancy you might not be able to charge for painting the interior of the house, cleaning (or even replacing) the carpet.

You may need some repairs, paint and carpet every few years.  

I viewed the house and it is solid only needing carpet and paint.

However, there will still be some charges incurred by landlord such as carpet cleaning, touchup painting, etc that is goes over that cleaning fee.  

Good evening Hope all is well, I am new to real estate Investing my partner and myself run a painting service company residential/commercial in the Atlanta metro area.