They want projects open and operating to have a base to draw from for sales.

Well, familial status is a protected class and it would be very easy for an official to draw a connecting line between "don't like their kids" and "don't like kids".

You will then get draws of your rehab reimbursed by the lender as you complete work.

Hi and Happy New Year.My wife and I have spent considerable time researching and getting to know the Peterborough area over the last year.

Also have the draw schedule setup in a way that you are not paying a bulk of the project up front.

You should definitely determine between the two of you if this is ultimately a business or personal transaction because if he's insistent on getting his money back now that sounds to me like he is looking at it as a business transaction and if you are looking at it as a personal transaction that could be a considerable  obstacle for your relationship which may be the main thing to consider.

One other thing to note on 203K, if you have the money to float each of the draws, it will go much smoother with your contractor.

Just draw up your terms making sure to outline all the scenarios (good and especially bad) that you can and sign a contract together. 

What is your draw to the area?

One consideration was to follow the WeWork or AirBnb model, create a website that handles the scheduling and payments, and create a corporation to run this through.