I took a pic and told her I would review it.Do I have to accept this?

How are you able to get the seller's bank to accept a subto deal? 

So, they can choose another place over yours because they are likely to be accepted anywhere they apply.

@Christopher Tacchi You will want to check with your currently lender to see if this would be acceptable.

The 401k can accept rollovers from any other qualified retirement plan except the Roth IRA (for now, there is proposed legislation so that this restriction may be removed in the future). 

It is FAR better to start your process with the entity you intend to use or just accept that you are going to own the property personally and buy plenty of insurance.

Make sure you have your criteria in place before you start accepting applications.

Most lenders will do a hard credit pull before presenting a formalized term sheet, but that is after a property is under contract and your offer is accepted/you submit a full application and send in a credit authorization. 20% down with no STR experience is pretty normal on the market, but you will likely be using a haircut AirDNA projection instead of the full 100% to qualify you. 

He makes the deposit and gets a receipt from the bank for his cash/check deposit which I find preferable to having to accept cash myself which I consider to be a security risk.

Alternatively, I could hope that my next assignment will be in a better market with more options, maybe lower rates, and more cash on hand.Should I accept that no market is perfect and get in the game now, or hold out for a year to enter a potentially better market with more capital to invest?