I am hopeful that someone can propose an innovative strategy around my challenge.

Indianapolis, Indiana, is noted for its affordability, investor-friendly legislation, and high rental demand.

Borrower Experience: make sure your borrower has experience with the strategy they are proposing.

I am looking at buying a distressed 1/1 coondo and turning it into a 30 day rental, and am about to write my proposal. 

Your proposed plan is a good option.  

More then 36 units can be built on this site<"an individual building couldn’t have more than 12 units under the proposed zoning.

@Nicholas OlsonIt sounds like what you're proposing is mortgage fraud. 

Based on the proposed amortization, so the 25-30 years.

I read under the new law that "Any person with a right to redeem the property may do so at any time prior to the entry of final judgment in the proposed action, either by payment to the tax collecting official as provided by law before an action is commenced, or by filing a timely answer or motion in the court after an action has been commenced." 4.

Please feel free to propose others.