. - Include a copy of the veteran’s application for retirement submitted to his or her employer. • Carefully consider the applicant’s income after retirement. - If retirement income alone is insufficient, obtain firm commitments from an employer that meet the usual stability of income requirements.

Lots of good information in there that might be applicable for you. 

You cannot use a HELOC as liquid reserves since it's a open end liability.You would be better off taking cash out of a property and securing it into an account checking/savings and allowing it to be "seasoned" for 3-4 months prior to putting in the application. 

No money, no lease,...no lease, no keys,...no keys, not tenant,...no tenant, property is still up for lease,...and I'm still taking applications.

@George KnetzgerHere is an example:Purchase $100,000 Rehab $25,000ARV $165,000Your cost are $125,000 plus utilities, property taxes, cost of money, if applicable, and closing costs.

The strongest applicant is the primary, the one you would want to stay.

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

VA loans backed by the Department of Veterans Affairs even allow veteran borrowers to obtain 100% financing on a home.According to the Consumer Financial Protection Bureau (CFPB), before shopping for a mortgage a borrowers should:Check their credit reportAssess how their spending habits will change with a mortgageBudget for additional or changed expensesDetermine how much of a down payment is neededDecide on a purchase price of a homeCreate a loan application package with personal and financial information including pay stubs, W-2 forms, copies of recent tax returns, bank statements, and proof of identity2.

My initial thought is to have her fill out the proper application paperwork and sit down with her to communicate the transition.

This is my understanding of the situation: sex offenders are not a protected class, however fair housing rules prohibit blanket denials of applicants based on criminal record because protected classes have been disproportionately impacted by systemic injustices in the legal system.