You may want to reach out to your accountant for verification.Also form 3115 is complex in nature - I would definitely leave the completion of the form to a professional. 

Most of the alternative lenders that would do the loan with no income verification would say no because of the rural nature of Atlantic, Iowa (6700 people and 50 miles or so from Omaha and 75 from Des Moines).

Just be prepared to have adequate reserves or have the loan secured by the properties...

My background is in trading, so I naturally have to think about worst case scenarios and how a "crowded trade" could play out.

Sellers are naturally looking for someone that is easy to work with, and pre qualified with a reputable lender.

Everything's negotiable.I wouldn't bother with cash for keys with someone of this nature and temperament.

I am looking for insight and expertise with the HVAC system, because I am newer to real estate investing.There is currently one natural gas furnace in the basement that pushes air to all three units and floors.  

Do you like green nature or water? 

First, you can't terminate the lease until the natural expiration date or until all parties agree.Other than that, I would just write a simple letter explaining your intent.

When catastrophe hits, they naturally can't keep up.