However the form/procedure is quite confusing so I was wondering which of the below would be the better alternative:1.

MIXED USE PROPERTIESIf it can be determined that the nature, intent, and primary purpose of the property is residential in use.

However the form/procedure is quite confusing so I was wondering which of the below would be the better alternative:1.

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).

I am also seeking to fund it with a HELOC.Sorry for what might be a dumb question: Once I run the numbers on paying the HELOC back, the cash flow doesn't seem to start until the HELOC is paid back (in 5 or 10 years), is this the normal procedure?

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?