Does anyone have an opinion on the best way to obtain your local market stats and trends (average: Price/sqft, sales price, rent to price etc.)?

Find a local lender right away and get with your builder too.  

@David Bridgman You may want to check with local mobile home dealerships and other mobile home park managers and/or owners in the area.

Hey Mary I’m a local investor in the Piedmont Triad area(Winston Salem, Greensboro and High Point).

The method for calculating property tax amounts for rental properties can vary depending on local tax regulations and practices.

I haven't really heard about investing in the area, haven't found any local realtors or lenders that are "investor friendly," and I'm not sure I have enough equity (or cash) to finance a brrrr (or similar project). 

Bring in a local investor who can JV or help you with your first couple or give them the deal and learn from it.

To your question Why in the area, with no experience in it I thought starting local would make sense.

Do some research on the rental market, looking into things like rental rates, vacancy rates, the demographics of potential tenants, and local regulations.

It is important to carefully examine the loan agreement, local laws, and ethical standards.