I also recognize that “new furnace” on the listing sounds good, especially to buyers in this price range that might not have a lot of disposable income each month.

., in the next couple years: Regardless of where the money comes from, it's not a good idea to borrow money for travel or anything else disposable or fleeting.

Back of the envelope I'd say it's something like this: Profit = scrap value + final sale price/land disposal cost- (purchase price + gutting costs + debt service + transaction costs (T=title, insurance, taxes, transporation, etc.).

Additionally, there are new standards in energy efficiency that will be becoming more relevant when it comes to disposing the property in the future, and may impact your future rent-ability. 

They also put in service requests to fix the garbage disposal, replace light bulbs in the kitchen, replace window screens so their cat can sit next to any window without being able to escape outside, and now replacing the AC. 

The garbage disposal will go out, they will take out the garage door.

That was Advanced Disposal, and they are not even scheduling orders for roll-off boxes right now. 

As @Johnathan Boyle mentioned the podcasts are another great resource at your disposal to learn real estate investing and the various things it has to offer.If you allow it, BP can be the ultimate resource in your pursuit of success in your real estate endeavors.

Being a recent grad and suddenly having disposable income along with minimal expenses lead to a lot of free time spent figuring out ways to get rich quick.

The biggest thing is make sure they are a reputable company that will dispose of the heating oil or recycle it.