While doable, it really makes things a pain when you decide to sell one of them out of the package in the future.

Remember, there is NO property management requirement for an FHA multifamily loan, so if you encounter difficulties, there is an alternative.  

@Patrick Hill I think the marketing package or whatever you're looking at is suggesting the NOI is about $11k/month and then using their finance assumptions for a new loan that would be a payment of around $8k/month leaving you cashflow of $3k/month.

A "portfolio loan" is a loan which is serviced by the lender who issued the funds (i.e. held in their portfolio), rather than being packaged together with other loans and sold on the secondary market.

The new company will have some time to on board the new property, send a welcome package to the resident, and avoid rent payments going to the wrong company.  

What difficulties could a newbie encounter while trying to invest in a distant market?

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.  

Pretty much everyone I know in real estate regrets training packages they bought far more than any other indiscretion in their life.

Anyone encountered something like this before?