@Aaron Knoll  yes and noYes because it's a total seller's market right now.No because there are deals out there, it's just harder to get them now compared to a few years back - and No because while we are certainly not immune to the drastic swings in the market, the swing isn't quite as drastic here.I feel like there are a couple factors at play (this is by no means scientific, just my gut feeling of what I'm seeing out there now):Because it's a seller's market, IF (and that's a big IF) a property is priced correctly, there's no reason a seller should take a low-ball offer from an investor when there's a pretty good chance an owner occupier will come by and offer 95-97% of list.

Piggy back on to developments that have a history of getting their way with state government..More immune  elitism and to politics, we have our fantastic and forgiving inner city tearing down old obsolete junk and then building new with all the endless benefits and services of higher density urban life. 

Living in NYC, everyone is always telling me how crazy I am to not buy in NYC given the price appreciation that we've experienced over the last 10 year in particular - but I'm not sure that either market is immune to price depreciation even with foreign investors stepping in to sop up any excess inventory at ridiculous cap rates. 

Don't think your units will be immune to problems.

This one is not that upgraded.Many forecasts say the Phoenix market is going to lose some value in this year, but I am hoping that Scottsdale is somewhat immune to this drop since it is landlocked on all sides.I plan on keeping this property for at least 5 years, maybe more if refinancing makes sense down the road.

This is fine if you plan to live on the $100/door, but if your goal is to immunize yourself from inflation risk owning these properties is sub-optimal.

It would be interesting to try to evict someone or collect a judgement with diplomatic immunity in play .

However, when I reached out to the husband he told me that they didn't feel comfortable having people come through because the wife is immunocompromised (weakened immune system).

That being said, an LLC DOES NOT make the property immune from liability...it does however, limit/contain it to the assets within that same LLC.

Vehicles may not be parked on the grass.Tenant agrees to advise their guests/visitors about parking and agrees to be responsible for improperly parked vehicles of their guests/visitors.Any assigned or unassigned parking spaces (or carport, if any) available for use by Tenant are limited to private passenger vehicles, and Tenant agrees not to store any recreational vehicle, trailer, furniture, appliances or any other property on said parking space or said carport without prior written consent of Landlord.Unauthorized vehicles or vehicles parked improperly are subject to tow.Tenant agrees to follow municipal code for proper parking on the street or elsewhere.VEHICLE REMOVAL.Without notice and without liability, Landlord may order removal of any vehicle from any parking space or carport which is unauthorized to park on the premises, is parked illegally or which remains inoperable for a period of fourteen (14) consecutive days.Any vehicle owned by Tenant and remaining on the property after the termination of Tenant’s right to occupancy may be immediately removed by Landlord with full immunity from damages for such removal.Tenant agrees to indemnify Landlord for towing/storage costs incurred.