Nothing to worry about yet.Your property has an additional bedroom that will appeal to larger families with 4 or more children or live in grand parents while your neighbors are only 4 bedrooms.It actually makes a huge difference because your property will have a different customer base for the most part.Stage your property properly with the right furniture and decorative items and really get it looking far superior than the neighbors home.

This is a stale post but another SC investor and I were discussing a Greer property last night; so, this old post come up.Another item pertinent to your original post is liking to do business with your residents and also understanding their needs.  

she has replaced a roof and other major items already. 

Not every village in my area does that but there are some who are happy to and will provide an affidavit with all required items needing repairs listed.

The inspection came back with one electrical item that the seller fixed.  

Some items are not allowed with a 1031 exchange.Bill Exeter at Exeter 1031 is very,very good and has decades of experience.No legal advice given.

The cost of any given item for one mortgage company will be different for another.

All in, we are spending about $50K on the renovation and hitting high value items like kitchens, bathrooms, appliances, lighting, paint and trim, etc.In section 946 of the tax code, (https://www.irs.gov/publications/p946/ch04.html#en_US_2013_publink1000107513) there is a run down of what useful lives you can use when you spend capital on a residential rental property.

One big item is deferred maintenance.  

Ashram, many seller-landlords are intimidated by the NC law written in 2010 which spells out all of the items required.