It's easy to jump ahead to solutions and not do the hard analysis of studying the problem first to arrive at a solution that correctly answers the question.  

My position & experience: I rehabbed several houses before the crash and am currently rehabbing my REO my wife and I live in.

The Premier product was far superior, both in finish details and how it arrived. 

Some of us feel very strongly about specific items and would be happy to travel to the meeting, but if we request an agenda the "right" way - via the certified letter, the moment is arrives, it's useless, the meeting would be already over, given that the requirement to post an agenda is 48 hours in advance.

That being said there has been talks of a real estate bubble being created which may lead to another crash in the future.

I heard they really mopped up after the 2008 crash, drove home values back to 'market' price pretty fast.

I arrived to this idea:  Apply for a home loan through a bank for the purchase of the house, and take out a business loan for the renovations.Would this be the best route to take for a newbie with no personal connections?

Much homework required before arriving at a good investment price for this one!

Then in 2008-09 the market crashed and I found myself with the home and all the rentals even those I put 20% down on underwater--alot.  

Second, "although it's not just $40, but $40 per adult" was not the issue, but rather, $40 multiplied by the number of applications needed to be made before they arrive at the top of a list - better odds than Lotto, but more expensive!