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.

The snow can cause a roof to collapse due to the extra weight if there are too many layers.

One of the challenges in the housing collapse in 2008 that effected a lot of homeowners was that there were a lot of ARM loans given out and once the rates started to adjust the owners could not pay the difference and gave the home back to the bank.

If you flipped through the pages of the photo albums, you could see how the family began falling apart and the inevitable collapse of a marriage.

We’ve had kidnappings, stabbings, shootings, lawsuits, sewer line backups and collapses (so gross), natural disasters, illegal gambling rings, animal abuse, unexpected capex to the tune of $50k, scammer tenants, methhead liars, religious cults, etc.

If the deal collapses and I would lose everything, I'm out.

when us debt increase and cause interest increase so high then renter not able to pay anymore. does real estate still the lowest risk compare to all others https://youtu.be/bgPDW0ZpgJU?t=9m52s