I am considering getting into this space (looking at some courses), but worried that its too late, and that deep local market knowledge/understanding of buyers/connection with developers etc is required to make this work, which only incumbent/long term investors will have and would be hard for a new entrant starting from scratch to catch-up...is my hypothesis valid in your opinion ?

Your best bet would be to connect with local operators and ask them.

Check local Facebook groups and connect with local investors who use PM.3.

I should have mentioned that I am out of state in Colorado and I'm not connected yet to contractors that I trust to do a rehab.

Even Northwest has alot of development going in, and the 303 is offering good support to connect freeway access over there. 

I’m local and happy to connect if we can help. 

Good luck and happy to connect. 

My bad ,I included the listing in the connection request 🤦‍♂️. 

One caveat to this strategy is that you can’t live in a property that your IRA owns, nor can you rent it out to anyone else who may be considered a disqualified person like your spouse or child.Feel free to connect with me and send me a direct message if you want to learn more!

You might also look into learning about BRRRR (Buy, Rehab, Rent, Refinance, Repeat), a popular method for scaling a portfolio.Network Locally: Engaging with local investors and attending meetups in markets like Dallas or Fort Worth can provide insights and connections that are invaluable.You'll find that momentum grows quickly.