It's a good thing to have at your disposal if you need to make quick cash offers on properties, etc. 

You have access to people with disposable income so give it a go.

I agree with disconnecting the kitchen disposal or even removing it.

Even if the property IS VACANT you better be real clear on using that abandonment angle.There are personal property disposal laws that vary by state.

Recently decided to join as a PRO member to give back to the site for the endless knowledge that is here at my disposal. 

It really is imperative that you have a loan officer in your corner that knows the rules and or has a great support team (processing, underwriting and a major decision maker at his/her disposal)In regards to your plan I think it's great and just remember that a lot of lenders don't go under 50K to lend.I hope this helps and good luck sir.

I use a local company to remove asbestos siding and it is roughly $1/sq ft which includes everything from he state license to haul away and disposal.

Will you have made enough from the lease to repay your equity, pay off the loan, and carry the vacancy until you dispose of it in some way?

I know how to dispose of bank assets for maximum recovery and minimum loss.

When you dispose of property, the note gets paid.