I live and invest in Charlottesville and I can tell you that the market has basically ground to a halt.

Before you buy a property, you should do a LOT of homework to verify you can find a decent property manager in that market.

We have found that there is more of a market in the Melbourne area than the beach (go figure ha!)

Welcome to A Skeptical Dude’s Take on Real Estate: a frank, hopefully insightful, dive into real estate and financial markets.

Is it a good idea to buy in a MPC in the beginning stages, and any thoughts on Crowley as a rental market?

Consider going the route of long term rentals in a different market if this worries you.

In the meantime, I am trying to better understand the Indianapolis (Fishers, Carmel) real estate market and considering getting a realtors license.In Indiana, the cost for the real estate licensing course is approximately ~$580 and an additional ~$80 annually to maintain.

When searching for properties I’ve come across a lot that current rents are below market rent.

As Bryan stated, yes RUBS is generally legal in California, but there can be limitations depending on the market and the leases you have in place. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.