We don't normally talk about a borrowers success and profitability, but we absolutely need our borrowers to be successful and profitable.

If that approach does not work, I am not sure if I can pursue a normal foreclosure procedure with notifications to heirs or need to do something different. 

The home is a little smaller than I normally purchase but at this price point the up side is huge.

On top of that, there are tons of safety features that likely need to be added to a normal house.

Your deposit is normally non-refundable.It is ALWAYS suggested to get your financing in order BEFORE you make an offer. 

At that income, she would normally be looking in the $2000-$2500 rangeAssume, btw, this person in her 40's -- the minimum to be getting a military retirement (although could be a disability payment, for a younger person).

I acknowledge that this post will upset a lot of people with a lot of skin in the game.

Currently I am looking at a Triplex in TN that will come to market at approximately $199K.I am leaning towards going with a conventional mortgage however I don’t have the normally required 20% down payment.

What is the normal process ?

They have more skin in the game then you do.Make sure you get clear title.