So now if they go to a bank or some other investor it would seem to me that they could get 10% down 5% down or something similar, because they have a proven record over the last 10 years on hundreds of deals, of 0 defaults?

They seem incredibly professional, and all the research I've seen on them has been positive. 

In that case, I'll have to make sure that I have a lot of cash flow to save up in one year so it seems like I'd have to find a really really good deal because of the PMI.Maybe I'm just really confused as to how this is supposed to work out.

I seem to remember that there was a national network of referring agents that one could join.

These numbers seem to be excellent and want to get some feedback and see if I'm missing anything.

It seems like your bank doesn't either so that's OK. 

EVCC is taking off but the area as a whole seems to be behind as far as prices/rents are concerned. 

The rental rates seem really high compared to other markets I've compared to.

Eviction may be the correct step, but (and this may seem to go against #1) you need to find her a place she can afford. 

Also seems like a smart idea to meet with some professionals in this field early next year (closer to the time of getting things going) and get some specific advice based on the complete picture.