He may be able to offer more insight into additional questions you have.

In addition to studying on BP, KC has some great REIA groups that you should consider joining.

The cost of the draws go directly to our contractors to ensure that the work is done properly and within code.So they will fund the repairs in the loan after the repairs are completed ?

Mine has an Additional Persons clause.

In addition, it is not uncommon for those level of notes to require advances to preserve and protect the mortgagee's interest in the real property.  

It is a pre-manufactured, and much "beefier" (Lower left photo) support system designed to provide additional vertical and horizontal resistance in wind, snow, and seismic zones for which the design criteria has been pre-approved and stamped by an engineer.

But I Have few questions about it..(1) he said he want to use part of the money to pay IRS debt of 28000 (2) use rest of the money for addition to the house and than go to conventional financing ...

@Jay Hinrichs --That's a good point, I could act as the agent in these cases, and earn a commission, But what I am really looking for is my own experience in addition to the money.  

I definitely feel like we all need to ensure our properties our safe because issues that arise from lead are very serious but I also feel like if the city is going to enact this they need to do it the right way!

Glad to see another addition to the Cincinnati investors.