The integration and ongoing access to consulting support may or may not be there in that model.Either using mortgages or establishing joint ventures will work.  

Always consult with your attorney before you rely on the above information.

I'm definitely not a tax expert and given the amount of money in question here your best bet is to consult a tax expert.  

You can consult with an attorney, but by and large, take this as a lesson in why you never let a code enforcement officer in, or even return their phone calls, until you're severed with legal documentation forcing you to.

I've consulted with an expert on this and learned that this was just an idiotic move on the property manager's part since the tenant was approved for more than enough to cover the full market rent of $1,400.

Hello, My questions arises over a decision I have to leave my stable W2 job and go back to being a consultant as a 1099 contractor.  

You might want to consider having a different set up for you do not want to be considered a deal.When in doubt check with your legal consultant!

Research your options and always consult your tax attorney/accountant.

Make some money first.Have you sought out free initial consultation from a CPA (or two or three?).

Especially for the asbestos & lead, most states require a certification or license for consultants.