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

No signs and no stickers, so code enforecement driving around in their Ranger pickups didn't have a clue.

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.  

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...  

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? 

Is this a question you guys encounter on investments, and if so, how do you get as close to a solid answer as possible?

Geothermal wasn't something I considered because I haven't encountered it in my area at all really.