Would it be a good idea to have the contractor break this down further?

Ultimately, I have a few ideas, but I need some expert advice!

Open to all constructive ideas/feedbackTIA3.Should Borrower fail to complete all of the improvements by the maturity date of the promissory note from Borrower to Lender, then Lender may, at Lender’s option disburse any remaining undisbursed funds to an independent contractor or subcontractor for the purpose of making any of the improvements win the above property which Borrower has agreed to make but failed to make. 5.Should Borrower become in default pursuant to the promissory note or deed to secure debt pertaining to the loan described herein, so that Lender declares such loan to default, then any undisbursed funds may, at Lender’s option, be paid to independent contractors or subcontractors to perform any improvements on the property described above prior to Lender bringing legal or foreclosure action to collect such note, in order to protect Lender’s collateral.

Keep this in mind, there is this idea that Realtors just want to get the house sold to make a commission.let's be clear. 

But here're some conceptual ideas that might help you think about it.If you're looking to maximize your leverage position and quickly build a portfolio, then putting the least amount down is the best option.

Does anyone have any ideas?

The surrounding area is built up, across the street is an elementary school and nearby there are other housing.This will be my first deal and would like any help on how to properly fill out the TREC 1-4 contract.

That can give you a good idea.

If your borrower defaults on them, the senior lien holder will notify you if you properly recorded your lien.

This isn't a 3 year thing, minimum 7/8 when you can tap into equity properly but ideally 12-15 if you want to show how it really went.