(The law will remove it.)

But homes in the Carolinas are still selling for well over list with multiple bids due mainly to the supply and demand issue.

It would be a good idea to familiarize yourself with your local landlord tenant laws, ESA certification requirements in your state. 

Specifically, really steep roads  will interfere with your Winter-season rentals and can even be an issue in the Autumn with the rains and leaves.

Mostly just went with my gut I bought it during a crazy time single family homes are being bought only hours after coming on the market I had the choice between this house and another the other was slightly bigger with a basement in the porch but the roof did not seem bonded in my Spidey senses told me there might be Foundation issues in mold due to a smell while inspecting the house admittedly the house I bought is 950 ft has no basement and is a two bedroom one bath with a detached garage How did you finance this deal?

@Wagner SoaresWas it issued before Dodd frank?

You can still do a cost segregation study (assuming timing isn't an issue), but the cost of the study may prove to be more costly in the long run for you than just taking regular depreciation on the property.

We thought the backyard was stellar but we had issue with the interior.

We work with out of state investors that are tired of the CA tenant laws or moving assets from the Midwest closer to CA for easier management.

We get a lot of Cali investors for low property taxes, favorable landlord/tenant laws, no state income tax, stable population growth, job growth, tech growth, world class Lake Tahoe close by, and that we're a short flight/drive away from most of CA.