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.

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. 

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

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

I'm local in Grand Rapids as well so feel free to shoot me any questions you might have and I'll help you any way I can.

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?  

It is the tenant's responsibility to ensure that the unit is installed, maintained, and operated in accordance with all manufacturer guidelines and local regulations.

Local banks would be your next bet if you want something competitive but you would run into the same issues with loan value.