He's also currently working on jobs where he's pulled over half a million dollars in just the past few months and according to him, he has no money left, so I'm under the impression he may be taking all the payments and doing something to hide them or drawing them from the company account as soon as possible so that nobody can try to go after a receivership or anything.

I'm sorry, Jon, but it sounds an awful lot like you're asking us how to draw seven red lines, all of them strictly perpendicular, some with green ink, some with transparent ink.To clarify, not the task, but the general sense of how this is being asked, do you want to retain the right to get rid of the tenant in the winter months for nonpayment of rent, egregious lease violations, your decision not to renew, etc.?

This is a deed in the draw situation, which is new to me.

It's just as beneficial for them, as it is for me to draw up - we're both auditors by trade, so mitigating/reducing risk as well as proper documentation is what we live on. haha. 

I understand about 95% of what's going on, but I do have a problem I need help with.How do I account for draw payments received? 

While you can usually safely draw 4% of a regular retirement account to make it last, you can usually draw around 8% from a life insurance and it will last forever.

The Landlord warrants to the Tenant that the Landlord is the legal owner of the Property and has thelegal right to sell the Property under the terms and conditions of this Lease.It’s hard to tell from a legal perspective, but with the additional clause added does it appear that we can purchase the home before 12/31/20 or should we draw up a contract with the closing date in January?

This can be weekly meetings, good drawings and scopes.

65 * $150,000 = $97,500In this case, the $97,500 is greater than the $89,250 loan amount based on project costs, so you don't have to worry about running into LTARV restrictions.Your estimated loan amount based on the above calculations would be $89,250.There are a couple of additional points that I think would be helpful to consider;When a lender says they fund 85% of the total project costs, that generally means that you will be responsible for bringing 15% of the total project costs to closing.The way that most hard money lenders work is that they fund the construction portion of the financing on a reimbursement/draw basis.

@Justin McafeeGet a lawyer to draw up the contract depending on the state either a lawyer or title company can handle the transfer of title and deed recording. there will be some costs but not too much.