I got about $50k at my disposal, but looking to hold on to $10-20k as a reserve (and I have a net $4k coming in each month to rebuild my reserves, and a 401K to draw from if I really had to).

That way everything is 50/50 and he gets paid when you eventually dispose of the property or via cash flow.

Unless the tank gets a leak it never ends up totally empty, so you'll need to dispose of it carefully and professionally, but otherwise there's nothing inside to cause environmental concern as far as leaking on the property.

Is it advisable to have garbage disposals for your rentals?

I just had two tenants arrested for murder a few months ago so I typed up a form letter telling them their property would be considered abandoned and they could either let me dispose of everything via auction, donation, or disposal, or they could provide me with names of people authorized to remove it.

I was told that wholesaling would be a good first step with the amount of money I have at my disposal.

@Ivan Chavez if you really want to go above and beyond: clean out gutters, inspect all appliances (or at least those you provide) ice and vinegar in the disposal, check stove elements and use oven cleaner, run vinegar or bleach through the washer, vinegar or bleach in the dishwasher, clean the dishwasher strainer, check light bulbs in vent hood and change charcoal filter, electrical system check-make sure gfci work with a tester (not the button), check all bulbs, fans, and outlets, plumbing check for leaking toilets, dripping p traps under the sinks, you can also check resistance on electrical water heater elements to make sure they aren't busted.

not a house inspection or anything, just a person with their cell phone given your specific instructions, for example, during rehab project:drive up to the driveway, take pictures of the front and sides to see the lawn worksee signs that the building materials are properly disposed of, record a videosee signs the contractors are workingor prior to purchase of a property:take a 360-degree video of the propertygo to the property at 9 am, 3 pm, or 9 pm to see the neighborhood situationI've seen horror stories where the contractors have not worked on the project for weeks without the owner knowing, or real estate agents not telling the whole story about the neighborhood, I wonder if this gut check service is something you would use?

Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

Full entitlement to a VA loan is only restored once you dispose of the property (the only exception being a one-time restoration that the VA must approve).