And landlords cannot deduct the value of their own labor, where a pro painter's cost will be.

I've received conflicting info from a few different CPAs, I'm curious if anyone knows what is actually deductible on the rehab side of a brrr?

My wife and I currently make about 175k/ year before taxes and other deductions.

Also can you deduct cleaning expenses (dirty bathrooms, showers, appliances, not wear and tear)?

Obviously pricing will range on many factors, but we are getting quoted 9k a year with a 1k deductible which I think very high.

You could also lose other deductions.

Because you are not the party of legal record, the city may not notify you if Party A or C failed to pay taxes or no one is mowing the grass and there's now a $1000 pile of fines levied against the house.How about legal issues with Party A?  

If the property is bought and sold in the same year, it ends up being deducted. 

If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold.

It is one of those areas where you can get deductions on if it is deplorable, but no additional credit if it is stellar.