It’s a better tax loss and cheaper than trying to collect blood from a turnip.

The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."

And then opens to a large area, a pit area caged in, blood stained floor, arena style seating flanking around. 

-------In 2013, my wife and I purchased a 1974 2-story "fixer" in Clovis, NM via a no-money down VA loan, which we poured our blood, sweat, and tears into for 3 years: refinishing the exterior, installing hardwood floors, upgrading countertops, repainting all the walls and trim, retiling showers, blowing out walls, replacing light fixtures, etc..

The answer to that is: it's way too expensive for my blood!

We only go for emergencies ("blood or flood").

For that amount, they will certainly want 2 years tax returns, full financials, and everything short of blood samples on the business.

She spent most of her adult life in Hudson (near Tampa), and my Dad used to own Captain Tony’s, and owned a 6-unit in Key West, so Florida is “in our blood.”

So by "arms length" lenders/underwriters want "non blood" basically? 

Echo Ned's feedback. the reason you went to multiple meetings that ended up being the same is that this program is basically a MLM type product those who sponsor you make a spiff .. and when you join ( if you did) and you bring in new blood you get a spiff.. so basically MLM for RE education.. with the top teir folks making a a ton ( top of the pyramid) and those at the base feeding the money up the pyramid..