Fun fact MN had some of the only micro markets that never stopped through 08/09 collapse, that's strength. 

Very little of our market was affected by the collapse in 2008 when compared to national averages. 100+ year old homes with little to no updates maintain higher values than they really should and Ft Drum single handedly keeps the economy of our entire county churning no matter what happens elsewhere in the nation.There are always new tenants being shipped into town looking for a place off post to stay and most will get a guaranteed housing allowance.

Unless we see a fundamental change, I don't think that prices are going to collapse.

I desperately want to get rid of this property (I just can’t deal with landlording and I need cash to pay other bills) but if I accept the lowball offer, I’ll lose so much money...I’m also worried housing market will collapse soon and that any nyc tenants may be risky to deal with (eviction moratoriums, etc).  

I would not bank on a Great Recession style collapse and I doubt very, very, very highly that Ken is.

What coming next, no not a collapse that's just ignorant talk by those with bigger opinions or fear than knowledge.

Study study study on deals, it sounds like you may have a deal but yes the 10 years vacant is a huge red flag (buildings in this area for example have iron pipes that collapse when the units go vacant for extended periods and cost tens of thousands just for that, do a sewer scope test as part of your inspection!!!)

Now I can see the argument that Austin's economy can not withstand the rapid rise in property values which will cause a collapse in the market. 

From February (pre-pandemic) to the bottom in May, sales collapsed 32.1%, as lockdown measures and widespread economic uncertainty took hold across our country.

I recently had to put two sewer cleanouts in for a duplex because the clay pipes collapsed.