They draw from a considerably higher needs group than Section 8 does, on average.

We had just had a very brief conversation, but he did mention some architectural drawings, so I assume there'll be some decent renovation work involved. 

With a 203k streamline, under $35k, there only two draws, 50% up front, 50% upon completion, inspection upon completion.  

Get someone to draw up the note.

This is a combination of a C Corporation, Profit Sharing Plan and Employee Stock Option Purchase that allows you to use that tax-sheltered retirement savings to capitalize a business in which you can be directly involved and draw a salary.  

--If they aren't divided you can pay for the utilities and just charge more to include it, or you can charge the tenants a percentage based on square footage or some other way of dividing it up.  

Our architect has done a good job helping us draw up plans to rehab a wing of an 1880 property (including some tear down and re-creating) and suggested working with one of the three contractors he often uses.

Do you go through an attorney to draw this up. 

They'll loan you the purchase and rehab costs and many won't care about your current mortgage (just that you have enough funds to close and front the draws and have some for emergency funds). 

I draw plans, for moving walls, windows, etc. and we've used them for permits in the past.