Those tenancies typically are still binding on landlord and tenant, such as you have to keep the property in safe and habitable condition and also have to give notice before entering.

I realized I'm not the person who will go into someone's bank account statements and go through line items explaining or understanding their spending habits. 

There is no harm in applying.

I also appreciate the benefits that come with not dealing in "habitational" real estate. 

Since I don’t have any experience yet I want to build good habits and thus have a better chance at building great relationships with contractors because I understand that’s an important factor in being a great real estate investor.

You can never remediate the mold enough to satisfy a personal injury lawyer, and in most states you can't sell a mobile home "as is" with the problems you are describing due to the "habitability warranty".

The Act also ultimately harms the people it was intended to protect.

Borrow as much money as possible to buy cashflowing (good) assets   Build wealth-creating habits. 

They follow under three categories of habit safety and market conditions.  It is a lot of work- if they don’t know what you’re doing.

You do not need to be an expert on the topic and in fact if you are incorrect, you could be held liable for someone else's decision that was based on the information you gave them if they are harmed in some way as a result of that decision.