If the company is big enough to survive being closed and they’re important enough to rehire That would help.Assuming a standard 3x income rule they were making over $100k combined.

BRRRR strategy combined with house-hack strategy! 

I know things are generally moving slow right now, just wondering if perhaps this was a commercial property or some unique house with a scarcity of comps that may have made the appraiser's job harder?

Expect to put down 20-25%.Adding to @Whitney Hutten's comments, I underwrite to 15% combined for repairs and CapEx.Using a conservative rent of $995 as @Jeremy Pearson intimated, I bet you cash flow ~$200/month and see a CoC ROI of ~10%.

I use 15% combined.

Unique opportunity for new investors to identify great deals to house hack, even better opportunity to set up alerts on properties in areas to know when(if) prices begin to decrease in areas as the financial situation for most Americans deteriorates. 

You can get more bang for your buck by combining house-hacking with the BRRRR strategy.Where to go from here:-Find an investor-friendly Realtor - check here - members -Get pre-approved for financing - your Realtor can recommend a lender or you can use the members tab to find someone in your market who has a reputation here on BP.

Hello,I have a fairly unique situation where I purchased a home for my son and his then wife, but they put down the down payment, and have made all payments and repairs on the home since living in it. 

Combined, there are 22 beds and 8 bathrooms. 

This is quite a unique situation..