My partner and I are differing on which way to do the layout.From my studies, a true 1 bedroom would maximize our rental income.However she believes we should make it all open with a little staircase that leads up to a small bed.

Suggest you study with the objective to have as much or more expertise on Anaheim rentals as your real estate agent.

If you discover the repairs and removal are excessive you can communicate your concerns to the seller in the form of a new offer at a lower price OR request that they remove the tank prior to closing. 

When working on my house last year I discovered one circuit had been grounded by running a piece of bell wire over to a complete different circuit. 

Based resources to study: Jay Abraham, Rich Scheffren, Dan Kennedy, Perry Marshsll, to name but a few.

Continue to study and browse the market, but that much debt is a danger sign to me. 

Thanks Guys, yes I will study up. 

In fact, I paid a little extra to have the materials sent to me in actual paper form (not pdfs) because there's been some interesting studies done comparing retention of material from print vs screen (print wins hands down)What @Jacob Lair is saying might be true for a newly minted agent without real world experience, but I'd guess if you're at all active here on BP you probably already know a heck of a lot more about RE than most beginner agents.

Coming in from Puyallup, been 'studying' this subject for a few months, and want to start this 'rest of my life' project.I have done alot of reading on how to get started in real estate investing, but I keep running into a couple things:1) alot of people suggest to start with foreclosures.  

I know the area of southwest Florida that I want to buy in and have been studying it.