You may have to pay an equity partner a higher yield and/or share ownership, which is not typically the case with bank regular bank mortgages, HELs/HELOCs or hard-money loans, so there's a second disadvantage.   

In general, rate pricing on IHDA is more competitive, typically by .25% to .50%. 

To bring the building to rent ready at your standard, you need to spend a lot of money. typically you will be spending around 10k per door to get a reasonable standard including HVAC etc. 

Typically the leases are worded as "Starting on____and ending on ____ with M2M option after end of lease term"Let me know your thoughts or if I'm being too confusing with what I need to accomplish!

I typically like to add value by doing about $7,500 each building, $15,000 (dependent on viewing this weekend).  

(Typical Points/Interest and up front downpayment)2) What is the process like when the borrower is needing a draw to pay for work completed?

It's 2018... days of damaged roofs due to solar installs are long gone (unless you have a ceramic tile roof or something that easily breaks when stepped on)You can easily reduce your power bill down to just the utility's basic charge, typically 5-10 bucks per month.

What is enticing to one investor might not be for another one, so is a very difficult question to answer with such limited info.Also, I don't have experience with multi-use resorts so I'm not quite sure about what is a "typical" structure used in that niche. 

Typically terms I've used are 5% interest, 30 year amortization, 5 year balloon.  

Typically an ADU is inferior in size to the main improvements.