However, it's zoned commercial and I'm wondering what I should do to take advantage of that (highest and best use)? 

We are marketing for those who want to take advantage of our quick, cash closings for various reasons. 

Are you buy and hold investors going to hang tight and wait until we are on the other side of this or are you going to become more aggressive and take advantage of what is to come over the next 12 months?

The advantages to a live in flip are low down payment, sweat equity, and somewhere to live while doing it.

The term of the loan is usually five years.Investors with W2 job, are you taking advantage of this to increase your capital/purchase power?

Once I got the news I took full advantage of it and made sure I got the right realtor to work with that has experience in analyzing properties.

Getting  preapproved (if you’re using financing) and being ready to make an offer will help you be able to take advantage of any opportunities that might come up. 

@Mary Ann There are drawbacks and advantages to both.

Hot Water: If owner pays consider upgrading to tankless or heat-pump models that are much more efficient.Get tenants off of house heat: Mini-splits are a great option for heating and cooling, especially if you're in an area where A/C is a competitive advantage.

Experience gives people an advantage in the industry.Best case scenario, you should be able to view a property within 8 business hours of hearing about it if it interests you.