@Patrick Boutin, I've had attornies in WA and PA draw up simple agreements for me (yours is a simple one).

But I would be wary of a house that doesn't draw it's own renters.

How will your current tax rate compare to your expected tax rate at the time when you expect to start drawing down the account (crystal ball, anyone?)?

But, if you use a draw against your primary residence HELOC to buy the car, take a vacation, and pay off credit cards, then the HELOC interest on the first $100K of loan proceeds is deductible on Schedule A as a home mortgage interest deduction.  

Get a sign in the yard once the outside looks good to draw interest, this way when you are ready to rent or sell you have a list of people interested in the home before you have to let it sit empty for a long period of time.

New homes draw different residents and usually ones who will pay on time.

The owner will contribute capital and take draws, but the property will keep records of all transactions because it is a commercial enterprise. 

My contractor is 3 months behind completing a house I am building as a rental...he dropped the ball his words on getting the electric pole and meter box scheduled...so now there is no power for at least another 6 weeks...he said he can pass the CO by hooking up a generator and then I have to pay him the final draw...that can't be right can it...how can he pass a CO with a generator...I know I can call the county on Monday just curious if anyone has heard of this ? 

These were created to protect the consumer - why - precisely because you do not have operational control.Having said this, the letter you received says "...unfortunately we have to evict YOUR tenant", meaning that now they are clearly drawing the line that even though they wouldn't let your input as it relates to tenant screening, they clearly consider the tenant YOUR problem.

I was wondering if anyone has recommendations for an attorney in Georgia that has experience with drawing up contracts for owner financing.