How workable that is depends on the layout of the place and what tenant buyouts would cost you.  

Totally workable for that area, its where all the hip people are and the Airbnb market is smoking hot there too. $1400 a month for your own property is a smoking deal as well for that area.

Even if one can qualify for a mortgage, a 60-90 day search-contract-close timeframe is simply not workable for a lot of people. 3) Transaction costs of 5-10% on the buy and the sell (e.g., realtor, mortgage, attorney, tax) often make it more economical to rent if you aren't going to stay put for at least 5-10 years.  

So I'm relatively new on this site, but have been lurking, researching, thinking and re-thinking, planning, and have finally come up with what I think will be a very workable plan.

Even the "good guys" will still have a product to up sell you too but will give enough real workable content to justify the cost of the event you are at.I've heard Than's free 2 hour class is nothing more than straight pitch.  

., but generally would this would be a workable game plan? 

I had never heard of a bridge loan, it sounds interesting if the interest is workable.

My credit is not great .Any thoughts on a lender that lends in AL that may consider this a workable situation?

Unless you're going to do your own marketing, this is the best way to find something workable.  

If you can get all of that to work on this property, then it may very well be a workable deal.Another thought, I would suggest doing more research on maintenance and capital expenditures.  10% monthly may be a decent guideline in residential SFR, but I would expect higher expenses in a triplex (think about it, 3 kitchens, more bathrooms, more doors, just more repairs needed in general, plus you're dealing with a lower economic tenant pool that can be rougher on the properties).Hope that helps.