So true that you need to have a good local team in place or things can go sideways quickly.Would like to get more details of your experience so I'll message you directly.

You can also contact local Realtors for assistance; for example, here in Charlotte, I work with clients who are not ready to buy or rent.

My aim is to not only profit financially but to gain in the process some intangible assets, such as project management skills, getting to know reliable professionals (i.e. realtors, contractors, designers, etc.) for the long-term, getting acquainted with the local market's promises and pitfalls, and basically adding some entrepreneurial muscle going into my next project.My strategy is to go small: find a second-hand apartment in a good location (I don't have enough funds for a GREAT location...); no more than 60-70 m2 (that's about 650-750 f2) to, among other things, lower renovation costs; 1-2 bedrooms, street facing and with a lift (if said apartment is above the second floor); with good bones, i.e., needs only partial renovation.

I also recommend attending local REI networking groups and meetups to connect with fellow real estate investors.

One of my top recommendations is to attend a local real estate meetup event so you can connect in real life with various people who share your ambitions.

I would recommend that you join local meetups if you haven't already.

I am a local investor myself and a Realtor, if you want to bounce anything off me feel free to reach out.

Go to BUILD YOUR TEAM at the top of your screen and you can search for other MEMBERS or LOCAL MEETUPS.

I am looking to househack in my local area, Beaver County PA to be specific, and I know some people who have done the "rent by the room" strategy but they invest in other parts of the U.S. and I was wondering if it is market dependent or not?

You might want to seek out experienced local investors, who can point out local risk and help you avoid it.