Overall, the entire classic car market has contracted dramatically - younger people just aren't into it like we were when I was a kid - but prices are sky-high because there's no inventory since sellers have a bottom line and below that they're unwilling to sell at all. 

Rich Dad Poor Dad is also a classic if you haven't read that one either.

Purchase price: $1,205,000 Cash invested: $67,200 Sale price: $1,990,000 Contributors: Megan Halter This quintessential classic Lakemont home offers refined modern updates!

This is a classic BRRRR property (assuming your numbers are correct). 

The classic maneuver is to perform a “drop and swap” where you essentially convert the three members from a partnership to tenants in common by forming subsidiary LLCs under the partnership LLC and dropping (deeding) the three members’ respective interest in the property to the respective subs owned by the respective members.  

I was first exposed to the investment side of real estate after an accounting professor I had made the class read Rich Dad, Poor Dad by Robert Kiyosaki, a classic beginner book.

I sense a classic co-wholesale non transaction.Every time I do a shady back alley deal with the broke and uneducated looking for a quick buck, I get burned, too.

On the other hand, a person with a 1MM luxury / super car (depreciating asset, unless it's a classic an/or a celebrity UBER driver) as his/her only asset (owns free and clear) by definition they would be a millionaire while the leveraged property owner would not be...

These are classic boom-bust markets.  

This is a classic example of an advance fee loan scam.