Recently while looking through houses on the market in Hillsboro Oregon, I found a SF house sitting on a piece of land that is zoned for multi family residential houses.

You need to sit down with a tax person for accounting assistance.

Then go to every local small bank or your current bank and sit down with the commercial lender.

So again, not a reason to sit on your hands and do nothing but this uncertainty should definitely be factored into your calculations. 

Our perspective is that most investors seem to be sitting on the sidelines waiting for the markets to stabilize, have their focus on the stock market, or are too busy to consider investing right now.

As it sits buying the house seems like a good move as it would decrease our monthly living expense despite it being a very expensive first home (part of why I’m asking for guidance) and also has some value add potential.The Numbers:Mortgage: $2450-$2787 (based on 480K-550K range@ 4.5%)Taxes and Insurance: $700-$800/mo. ($1500/yr. ins.

Renovated SFH's are sitting on the market now due to loss of buyers being able to purchase. 

If you put it in the crawlspace just be sure that it isn't sitting in dirt.

How long have those rentals been sitting?

Other agents and flippers will leave their houses sitting on the market now hoping for views, but they will be stale when everyone comes back to the table.