Since your bio says Staten Island, I'll assume Northern NJ and since you posted in BRRRR, I'll assume that's your strategy. 

Its a 1 bed 1 bath cabin 850 sq ft that's about 10 mins from the Island.

Hello,My partner and I are considering a vacation rental property  in the Emerald Island NC area.  

If you learn to manage your pricing and build up a client list of your guests that come from within a couple hours drive, such as the Boston and Rhode Island markets you may be able to help fill in these slower times.

I am located in Long Island New York where everything is expensive and I am debating the pro's and cons of house hacking a 2 family house or just continuing to rent and purchase out of state rentals.

This is such a specific question esp on an island

Long Island will have higher PP and property taxes than, say, Albany/capital region.

Hello, We are looking at a 3 BR, 2BA home on Emerald Island NC tomorrow with the intent to use it as a vacation rental.

Will therebe seating at the island or is that a 3'-0" deep island (no bar noted)?

It takes me an hour to get to downtown Seattle from the Bainbridge Island ferry if I time it right.