Most are simply interested in developing residual income which makes them a perfect target market for turn key rentals.

@Travis Tannahill I second the "focus on 1" statement.Also, if you are good at the insurance piece, you will out pace the mortgage commissions over time because of the residual income P&C offers that mortgage sales does not. 

Generally speaking, asbestos found in flooring adhesive, for example, could be easily encapsulated by simply laying new flooring over the old without removing anything pre-existing, thereby never disturbing or stirring up any dust fibers. 

Even if you fill them with sand, unless they have been steam cleaned - which is very unlikely - there will be residual oil in the tanks and lines which will eventually make its way into the soil as the tanks deteriorate.

You are most likely looking at a full lainting of the house to remove the smoke stains, residue and smell.

It actually kills the smell producing bacteria.I would also suggest that you investigate and determine specifically WHERE the residual smell is coming from.

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Liability of residual amount will usually follow the current seller most likely in both situations.

My goal is to build enough residual income off of real estate in order to supplement the $3,000 a month I'll get from my disability check every month.

I have also had the opportunity, or LUCK so to speak  to have purchased property at auction and renovate and rent to awesome renters who afforded me a residual income while building equity in the property ~ Additionally the same renters offered to buy the property when I decided to sell it, therefore again, my luck, generating a nice $30K profit.