How you handle your debt is really a matter of personal preference.

You haven't mentioned anything that would be hard for a standard lease to handle, and even if you did an addendum would probably be a better option.

If someone has any ideas on how I should handle this, or have dealt with a similar situation, I would greatly appreciate it. 

They are just little kids...best way to handle is if your localTalk to parents if your out of state call cops.

Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule: The program has a maximum 4 draw process.The initial draw can be up to 25% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information: Signed Draw Request by borrower and contractorSigned All Bills Paid Affidavit review and approve the draw request and will release funds for disbursementA check will be issued in the name of the borrower and contractor and delivered to borrower via USPSAn inspection of work to date will be performed at 50% completeChange Orders and Cost Overruns: Changes to the initial plan are not permitted unless prior approval.

It's up to you how you want to handle things.

The foreclosure is handled with the courts thus requiring a lawyer to work with in order to take your property through the foreclosure process providing you are the lien holder and want to foreclose on a property. 

I'm buying a house in Winston-Salem this week and hoping to find a closing attorney that can handle the closing before June 29. 

I have limited construction / rehab experience and I'm wondering If I should be hiring a General Contractor to do the work or finding each individual person myself and acting as the GC.How do some of you handle getting the work done?

The practice you get from analyzing deals will help to ensure you don’t pay through the nose for your first deal so as long as you know your limits and don’t bite off a bigger project than you can handle, it should be a very positive and informative process.