To address the original posters concern, just draft a release and sign it.  

Most, if not all, hard money lenders you come across will require the rehab funds to be escrowed at closing for future draw release since the loan is being made off the ARV.

They need to deposit it with the court system and the court will decide when to release the money to you.

If you get at least a 16 seer the heat out put is very good.They come pre charged with freon but it is best to pull a vacuum on line before opening valve to release freon.

We first require a confidentiality agreement before releasing information. 

Triad welcomes the opportunity to comment on Proposed Regulatory Prudential Standards for Non‐Bank Mortgagers and agrees with most of the standards being proposed in the March 25th release.

The bank will then loan you up to 80% of the total cost so you would have to have some skin in the game and they are not going to front you any of the rehab money but will release it in draws once work is being completed.

UPON RETURN OF THE EARNEST MONEY DEPOSIT AS PROVIDED IN THIS SECTION, THE TRANSACTION CONTEMPLATED BY THIS AGREEMENT SHALL BE TERMINATED, AND BUYER AND SELLER SHALL BE RELEASED FROM ANY FURTHER OBLIGATION, EACH TO THE OTHER, IN CONNECTION WITH THIS AGREEMENT EXCEPT AS OTHERWISE EXPRESSLY PROVIDED HEREIN.

Then the money in escrow is released to you.

Quitclaim deed would only release that individuals interest to the property.