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 ?

I know, why do you think I talk to you like a local lol.I used to swim in steven creek reservoir!

More important than identifying target areas is establishing relationship with a local investor-friendly professional who has personal experience in investing in Cleveland.

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

Make sure you check the local ordinances / zoning and talk to the local administrator to see if you can do what you are planning.

With the massive Taiwanese semiconductor plant under construction in Phoenix, bringing billions in investment and thousands of jobs, how significant do you think the ripple effect will be on the local real estate market?

Granted there is a cost in hiring an agent, Having someone analyze each deal with localized knowledge is worth its weight in gold.

Build connections with local professionals, talk to them in person, and value there time over yours.

I live in Phoenix and my business partner and I put on a couple local forums for investors like yourself to network.

Their contribution depends on factors like local demand for ADUs, their design and size, and how they’re used (e.g., rental income potential).