Keep in mind that many of these cheap homes are selling for less than a third of their insurance replacement value, which really means that the land has negative value - let that sink in.Most buyers who can actually qualify for a mortgage will get a PA for $200-300k and desperately want to upgrade their life.

Both laws use the same terms, but define them in completely different ways.I find it best to reference HUD's guidance memos on the subject.https://www.hud.gov/sites/dfiles/PA/documents/AsstAnimalsGui...https://www.hud.gov/sites/dfiles/PA/documents/HUDAsstAnimalN...https://www.hud.gov/sites/dfiles/FHEO/documents/19ServiceAni...

Is there farmland in New Jersey, Pennsylvania or surrounding states where I could invest on the land for a good price and expect strong appreciation on it in another 10 years?

Pennsylvania even had cases where lawyers were disbarred for selling overly complicated trust structures to older clients who didn’t need them.2.

Everything I've read shows PA peaked in 2022 and has dropped 5-6% since then. 

I am currently thinking of trying it in Florida, North Carolina, Tennessee, Georgia and Pennsylvania. 

I decided to purchase property in Pennsylvania where properties are more affordable in certain parts, demand is relatively good (less vacancy), healthy cash flow, and tenant laws are more favorable to the owner side in case your tenant stops paying their fair share. 

My properties are in Delaware County, PA and mostly 3 bedrooms and 1,152 sqft.

We live in PA and buying in FL.

I am in the Philadelphia / PA / DE / NJ area but for the purposes of sharing experiences, anywhere is great.