There are now new laws in place, due to the collapse of the south Florida condo building, regarding the reserves the condo needs to have and getting maintenance completed.

If something goes sideways, I would be willing to bet 90% of these single owner LLCs formed for "asset protection" would be easily accused of piercing the corporate veil, and collapses the whole thing anyways.Depending on the state you are operating in, even if you use a Wyoming formed LLC, you will likely be required to register in the state you are operating in, which may require disclosure of that information you don't want to give up already - check to see what those states require for disclosures when registering a "foreign" LLC that is operating in the state.Literally no federal income tax benefits to where your LLC is registered. 

That’s a stupid low price for a 3 unit unless it’s about to collapse.

No, it's not some doomsday eminent collapse thing, were not talking 20, 30, 70% stuff ok, but still double IS significant. 

I do think markets like San Fran, maybe NYC and some others are overheated, but I don't see a collapse on the horizon. 

It's only a matter of a few months until that house of cards will collapse.

They move there and live/work there.As for the other, mis-match, places, their economies collapse from a lack of workers/support staff.

The original Bitcoin zealots I knew were banking (no pun intended) on a total collapse of society and banking systems as one of their selling points.  

The snowball has to keep rolling to the next group to keep it all from collapsing. 

The one's that struggled or collapsed tended to run very tight on cash flow.