My proposal to the Receiver will be for an additional credit of $250k plus.In regards to an indemnification letter, how much protection will that provide??

Your proposed lender won't like the wrap, especially if you have several from recent times.The process will vary by lender, but you should get to offset the note against the debt, and offset some part of the payment you get from the note against the debt payment on the underlying mortgage. 

I would suggest you'll probably end up with an NOI in the $22-$25K range rather than the $30K you proposed above. 

The ZBA is backed up at the moment, and they are currently assigning hearings 2-3 months out.Step 1: submit a zoning application to L&IStep 2: Wait the 21 working days for the examiner review. upon completion he/she will send you a comment letter stating that your proposed use is not permitted by-right, and will ask if you wish to receive a "Refusal".

@Bill Brandt is correct that the legislation is not LL friendly but due to low vacancy it is not much of an issue if you screen well. 

Has anyone else received the proposed new property tax assessments?  

Proposed apt is $4250 per month Criminal Record: NO Sex Offender: NO Rental History: No evictions, 8 Years paid on time, no charge offs, no balance due, 1 NSF within 12 months, another NSF 24 months agoI was declined because of the NSF.

Your better off joint venturing with an investor if you can propose a profitable project

There are a variety of strategies that have been proposed on here that MIGHT help you bridge the 1k per month gap, but the reality is that you will be living in a different state many hours away.

View report*This link comes directly from our calculators, based on information input by the member who posted.What  I'm proposing is that if someone could help me renovate my building I will be able to get out of a hole of debt.