@Data_Engineer3  - Live log analysis in local machine is not possible. we can do a deferred analysis by copying the logs from the log delivery location(use filestore location) to local. 

Please refer to the below post on how to copy the logs from dbfs to local.

https://community.databricks.com/t5/data-engineering/how-to-download-a-file-from-dbfs-to-my-local-co...