The only good news should this storm stall over the Carolina’s is the very dry antecedent conditions. This has been one of the driest periods in NC since I was born. We have just 0.16” for the month and going back to mid August we have had well under 1/2” for the entire period. That being said tropical rains can and will cause flooding no matter the antecedent conditions but that certainly helps as almost all rivers and watersheds are low
There is a favorable environment for strengthening through the Bahamas and the way the MLC presents itself this morning I believe the storm will likely take advantage of that. How well formed it gets there will likely be key to future intensity because it appears there will be southwesterly shear at some point in approach and likely some dry air intrusion but a mature strong cyclone can be more tolerant of that. If it slows down north of the NC/SC border and sits over the shelf water from Wilmington to hatteras it will likely weaken because shelf temps are unseasonably cool, in the 70s. It goes without saying intensity will be tricky but a stronger storm over the Bahamas and quicker speed into landfall would likely lead to a stronger storm on the coast. Anything that takes its time organizing or moves slowly into coast likely stays relatively weak. ATM since this is only a few days away I would think a cat 1 hurricane is most likely with a cat 2 being the ceiling if it landfalls. This is not a region that favors cat 3 landfalls and it takes almost a perfect setup to get one. Add in all of the cat 3+ storms ti affect the Carolina’s were mature hurricanes that had been strong for quite awhile before approaching. This system is basically home brew (I know it’s from an African wave but it will not develop until the Bahamas). In other words, there is not a climo precedent for a major hurricane landfall in the Carolina’s from a setup like this with a storm forming this close.
As others have said, rainfall potential is rather high here, again. Given dry conditions as of present it might temper some impacts but 12”+ amounts would be likely if many model solutions verify and that’s… not good