It's actually nice to work with an experience agent first so they can help point out the diff pitfalls and potential problems. 

What are the pitfalls and benefits when considering these investments? 

There is probably a pitfall somewhere. 

We will go over the 1,500 properties under management, all from this exact model, some time this month.Don;t hesitate to give me a call or send me an email if you have questions about how to get started or want any advice on pitfalls that will come along the way.

I can handle most of the marketing and listing on various sites (I'll probably not list on MLS initially) but not sure about the legal and other paperwork that'll be involved, how do I screen for serious buyers, what are the main pitfalls, and if I get an offer from a private party, how do you arrange closing, should I hire a RE lawyer, what do they usually charge?

If it is to make it a stepping stone of cash to start investing on your own, you really want to identify the pitfalls in there because only a very small percentage will get there.

They can protect you from many potential pitfalls in negotiations.

That's awesome you have started your journey, are you comfortable sharing some of the pitfalls you have experienced so far?

Could anyone share their success and pitfalls with investing with trailers.

I appreciate you highlighting the challenges and pitfalls of working in the trades.