This is my 7th property but the first time we've done anything major like add a bathroom...is it reasonable to expect my contractor to re-paint wall that they messed up during the construction process or is that my responsibility? 

Let them make your house their home - and stay longer(you would anyway repaint the whole house after long-term tenants leave) 5.

Even if an item would ordinarily be repairs - like repainting - it is still not deductible until the property is placed in service and should therefore be capitalized.Then comes an exception per the Tangible Property Regs that allows de minimis expensing of items that would normally be capitalized and depreciated, as long as each item is under $2,500.

Should have made it a clause of the contract.Here's the problem though, they are paying under market rent and when they come out of the apartment, whether you like it or not, you will be repainting the apartment and doing a bunch of repairs.

I make an extra $1,200 a year @$1,100 renr but have to re-!paint

To get this house rent ready, I will need to refinish floors, repaint many of the rooms, and update the electrical system from knob and tube, The largest unknown is an uneven floor upstairs from an addition but there are no indications that these problems are foundations or structural in nature.

Maybe they'll trash the place, but I can replace the carpet and get the whole place repainted if needed without touching cash flow.4.

He did repaint everything and did the flooring, and fix the roof.

I repainted the interior, had carpets replaced, installed ceiling fans, and did other cosmetic updates.

For example the 15% property above was in perfect condition and had been professional repainted.