"There are two primary choices in life: to accept conditions as they exist, or accept the responsibility for changing them."

No matter what the homeowner agrees for the price to purchase, the bank has to ok (for it to be accepted) or nay it(and it will be denied).

She tried to pay but they didn't accept it because they said she owes penalties and interest.

I am currently a full time student, with about two years left until I get my bachelors degree and I am also working a part time job.

You are basically accepting a lower ROI in exchange for the peace of mind of having good tenants with good neighbors.The thing you might be missing is this: Can you actually rent a $375,000 single family home for $3750 in your market? 

My name is Mystica.I'm 22 pursuing an English Licensure degree from the University of SouthernMississippi.

Here are some specific areas that we would love your perspective on:-What is the best way to accept money (application fee, deposit to hold, security deposit, etc.) from applicants if our business accounts are not set up yet?

@Ben HooperThe challenge in WA is finding an area that has the draw for travelers and acceptance by local jurisdictions. 

The way this is such a great sellers market I no longer accept any FHA offers They are too much of a pain to me and the houses sell without them 

thank you @Matthew Crivelli I know most lenders won't accept a second position, but just wondered if a seller or other private lender was allowed as a second position holder on the dp.