If pad rent for the 4 trailers is say $1,000/month, what would be an appropriate offer? 

You could calculate the payment on a 30 year fixed, or appropriate adjustable term, even interest-only payment, to compare and make the total portfolio work if you find the right property. 

Here where TIC is appropriate if a resident fell out you would make more money reselling the unit because it would have appreciated.

Originally posted by @Kevin Miller:Hello, I'm looking for information on laws/how to get set up with section 8 in PA. also, if you have any good (or bad) stories I'd love to read them.The tenants aren't bad if you screen appropriately. 

Hi @Erik Dofelmier,If you are effectively communicating the property's requirements upfront before scheduling a showing and reaffirming those requirements during the showing, it appears that you are taking appropriate steps.

The response they gave you was not appropriate.

If you are evaluating a REIT, it would be wise and prudent to do your homework and select the appropriate professional to guide you.

And of course some techniques in real estate are more appropriate for different cycles in the economy.

When deciding between investing out of state vs home hacking in Oakland, keep the following in mind.Oakland House Hacking:Proximity: Living in Oakland while house hacking enables you to maintain a close proximity to San Francisco, which might prove advantageous for property management and maintaining connections with the local market.Possibility of Appreciation: Property values in the Bay Area have increased historically, which is good for accumulating equity over time.Local market dynamics, tenant preferences, and potential obstacles might be simpler to comprehend when one is in a familiar location.Demand for Rentals: Oakland has a robust rental market, and you can discover good demand for rental units if you pick the appropriate property and location.Creating Local Connections: If you live in the Bay Area, house hacking can assist you in making local contacts with property managers, real estate agents, and other investors.Investing Out of State:Investing outside of your state may be more affordable and enable you to use the same funds to buy more than one property.A few out-of-state markets can have more favorable cash flow prospects in contrast to the pricey Bay Area market.Geographic diversity, which can help reduce risks related to market-specific variations, is made possible by investing in a variety of markets.Hiring a local property management business, which offers a more hands-off approach to property management, is often necessary for out-of-state investments.Remember, both options have their advantages and challenges.

When I got licensed in Philadelphia I was blown away to discover I could take the OSHA 30, have the appropriate car insurance, and basically tear down and rebuild a house from the ground up with zero experience.