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Yes, you can have a toilet without a septic tank. However, it will have to be a composting toilet. Composting toilets work similarly to aerobic septic systems in that the waste, which sits in a separate compartment below the toilet itself, is slowly broken down by aerobic bacteria. These toilets typically have a vent to get rid of harmful gasses with a fan, which requires a battery. You will have to dispose of waste in the toilet manually every three weeks to every three months, depending on how many people are using the toilet.

Yes, an ambitious homeowner could decide to replace their own toilet. A person attempting to do a DIY toilet installation should keep in mind that the average toilet weighs between 100 and 120 pounds. That means that you'll need to be comfortable lifting and carrying your old toilet and replacement toilet during both phases of the project. Additionally, homeowners will need to have basic plumbing knowledge to avoid plumbing problems that could result in messy, expensive water damage in their bathrooms. Hiring a plumbing pro from the get-go can help you avoid damaging your plumbing or your new toilet.

Sealant doesn’t need to be applied to the bolts, but it can be a good way to stop an active leak in the moment. However, don’t rely on it as a cure-all; instead, make sure to fix the problem at the source by changing or tightening the bolts. 

If you do use sealant, make sure to spread it thickly and evenly across the bolts and the tank's porcelain.

Yes, $5,000 is a healthy budget for a DIY bathroom renovation. It can go a long way in making the space more accessible and stylishly spa-like. Providing you stick to modest materials and don’t make any major plumbing or structural changes, you can upgrade fixtures, retile, and add some stylish bathroom accessories and savvy storage solutions to maximize the space.