And you must keep accurate records- if you do not issue proper 1099's by the end of January you will pay increasing penalties.You're incorrect. 250 hrs implies the safe harbor - which is entirely optional, unnecessary and has been discussed extensively on this forum.

You may be better taking out private money loans from these folks, based on the deal size that has been implied. 

First thing I noticed was the baseboard heat which also implies no central air.

Nor have I implied the tenants "couldn't survive without" me.

The context of your post implies that it might not.

I'm not implying that I have $100K, but just wanted to see how seasoned investors and new real estate investors think alike and differently.

I think that's implied. 

I have a question for the landlords/lawyers regarding implied lease/short term lease termination.

When you say getting a PM as a partner - it implies the PM will put up some cash to buy the deal with you.

Because toxic mold goes against the implied warranty of habitability laws set up by each state, landlords can be responsible for not keeping the rental property free of hazardous conditions like mold.Look up your state laws and go from there.