There are scams going around where you get an email or mail that says "wire instructions have changed - wire to account xxxx"I'd think it's easily verified by calling the closing agent and verifying the account and routing numbers.

There would not be an obvious separation of the rental of parking space from the rental of accommodations and you could encounter legal issues with booting or towing a vehicle ... though perhaps not theft as was declared earlier.In the end, because you could do something, does not necessarily mean you should.

It is awesome and covers 99% of the problems you encounter as a LL.Other LLs are going to recommend Cozy.  

This turned out to be a total scam and they took every penny.

It sounds like a total scam.

Anyone encountered something like this before? 

The problem you may encounter is this will eat into your profits given the small scale.I know what mean about the challenge of going after a "turnaround project" that is remote...  

Or have I been involved in a scam?

I think it might be a hindrance to your brand/ reputation especially if you are using a company or LLC, many scams use Facebook messages and you don't really want to be associated with scams like that. 

While the property may not still return 20% cash on cash, it would not be losing money on a monthly cash flow basis (hopefully..)But I think that is lazy and irresponsible, especially if you own anything more than a property or two.So I generally try to run what if scenarios on each property and then subsequently run what ifs on my larger portfolio to make sure that the portfolio can weather any economic storm that may come through.I have only been in RE for a few years and didn't gain the experience from 2008 so my question to the group is what scenarios do you test or have you encountered?