I cannot access the city's website at the moment to confirm the actual numbers.Also I see on your MLS sheet that it is assessed at 49k and they want to sell for 69k.

I work as a software engineer full time.  

The high expense ratio are caused by many things including higher than usual property management fee, deferred maintenance , high water bills due to leaks, inefficient monthly advertising cost, inefficient property management software, neglected yearly service contracts, higher than usual insurance cost etc.

But fortunately, the code enforcement officer confirmed that the permit for the front door was also the permit for the whole unit.

I've read numerous posts about list sources and software all claiming to offer great information, almost all responses to these posts say nothing is accurate or offers any real opportunities, does anything really help find these types of properties??

Here's what I found, which was confirmed from my mortgage officer at US Bank: In order to meet the Home Possible guidelines (for the state of Tennessee) - which allows me to put only 3% down - I need to occupy the property within 60 days of closing.

Also, can you confirm that my only other option on this deal would be to do an unsecured loan?

Your suggestion confirms to me that maybe I should consider taking a different approach altogether.

Hello, I'm a Software Engineer and Options Trader, I first got into investing about three years ago when I started learning how to trade options.  

In your scenario, (check @Jerry Padilla's link to confirm) if the goal is to minimize down payment, FHA might be the better route.