While I've been doing research, I would appreciate a local's hands-on perspective on the state of the market and potential areas to target.

I may get flack for saying this but there is a wealth of information available at little or no cost and local REIGs that can teach you about your local market. 

All joking aside I spent two years on our local city's sign committee. 

The standard for raising rent varies depending on local laws, regulations, and rental agreements.

To do well, learn about real estate, make a strong plan, meet local investors, check the market, look into loan choices, start small then grow, stay ready for changes, and get advice from pros.Learn about market trends, loan options, and ways like renting out for long or short terms.

Have you considered a personal loan from a local credit union or from SOFI?

Buy my first small multifamily house hack, ramp up my marketing as a Realtor by sticking to a social media calendar, and start a local REIA!

.  :-)But if you aren't careful and you are overly leveraged (especially if you are using cash out refi's every couple years to use as the down payment on another property), it is easy to see that net worth destroyed by the sometimes wildly fluctuating local real estate market.  

I also got feedback from two local Indy investors before submitting any offers. 

Good Morning Edward, Have you spoken with any local lenders down here on the Outer Banks?