This is also a very safe thing to do as even if the market depresses further it will rebound sharply likely by Q1 or Q2 2021 which will likely double your money. 

I don't believe the US Government will allow them to fail, and their stock price is extremely depressed due to all of the COVID-19 related travel cancellations. 

Current comparable rental rates in the area are between $2,000-$3,000, but who knows what it will be in a depressed economy.

I've been involved in Real estate investing for over 5 years, but have never truly lived or invested through a pullback/recession/depression, so input from heavily experienced investors is appreciated. 

This means large, high-quality rentals could be reducing rent rates or sitting vacant for a while.I recommend selling while the market is hot and people are still ignorant of the imminent depression. 

Position yourself and the park for the depression we find ourselves in today, and you'll do better then most.

For instance, Waterbury has been a depressed city for decades, but there are still some great deals there. 

How long did they stay depressed, or does anyone have any idea?

Some of the most reputable economist are saying we are at the 11th hour and may be headed past a recession and into a depression.

Even in the most depressed cities, there are areas (neighborhoods, blocks) where people want to live and will pay you well for the privilege.