I wash them out with soap and water several times, to cut down on the horrible smell (forgot the name of the chemical that makes the smell) and then when I'm ready to burn or drill into them, I fill them right full of water and leave it in there while I drill or burn. That way the "fumes" will have been driven out by the water and you will be positive you won't end up in the local burn unit.
I have heard others fill them up with CO2, or exhaust to achieve the same purpose but I like water. I know it won't explode on me (unless it's in a sealed container and heated, of course)
If you want to burn a hole in the bottom with a torch, you have to fill the tank with water, put the fitting back in, turn it upside down and then drill a couple of holes in the bottom where you are going to burn the hole to relieve any pressure from the water boiling when you apply the heat. Watch out because if you drill too small a hole, when you start to burn you might get a jet of steam in the face.
You leave the top fitting out, of course if you are going to drill or burn from the top.
Stan