I did some research on a few properties which are within my reach, and they're either vacant (with utilities on the property line or even delivered to the property (electric meter, water meter), or lots with exisitng structures (houses, sheds, etc.)

This then sets you up for more financial power in the future. 

This "extra" money is after I pay the minimums of my student loans, car payment, mortgage payment, utilities/electricity, etc. 

I'm a transplant of 2 years. 2) I have the average breakdown of water/electric which is around 330 for the last 9 months.

With school as the primary focus, those two options allow you to be involved in real estate, without having to say oversee a rehab project or manage a STR/LTR (short term/long term rental).There will be plenty of time for all of this of course, but studying (inside school and out), gaining the knowledge base and networking will give you all the fire power you need later on to close deals and accomplish your goals!

The owner had been renting it out since 1985, and when the tenant moved out he neglected to turn the water/electric back on.

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new cabinets, new shower, new windows, replaced the flooring, and new doors.

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new cabinets, new shower, new windows, replaced the flooring, and new doors.

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new shower, and new windows.

The only issue at that point would be condition including the roof, HVAC, plumbing, out dated electrical box, etc.