While real-estate is my primary focus on becoming more diversified, it is not the only option we are exploring right now (1 thing at a time though, right?). 

Haven't explored their website yet.

My business partner and I are exploring this route, but one of our major fears is how to monitor the contractor doing the remodel when we can't drive by the project each day.  

Hi Andrew,Great Question, I just started exploring this niche...

The other option I'm exploring is the Conventional 97 loan that allows me to only put 3% down on the house.

Fix and flip, buy and hold, wholesale etc are all strategies that you can explore while you are learning. 

As Curt said the company may be working with preferred lenders which can make your life easier, but don't be afraid to explore the possibility of using your own lenders.  

I also wanted to explore the day to day issues.  

I'm still getting involved in the forums, but I've already explored the several "Ultimate Guides" under the education tab, and have found some great things in the file place under tools.Soon I hope to jump in flipping, probably North East Baltimore and areas forward my home in Havre de Grace.Good luck!

Have you explored other lenders other than FHA?