I have some interesting type of leads you may be able to utilize.

One opportunity is to utilize my spare time in the mornings to operate a small roadside service business in my area as a means to obtain additional investment income.

@Barry Cohen yes it's just a hot water heater - I pay the gas for the property becuase there is only one meter so there are only two units in the utility room, one for the water and one for the heat.  

No hoa, tenants pay utilities, and it's being sold because the current owners are liquidating assets for retirement and moving out of the area.

Hope you find some success utilizing the site for the resources available.

Make an offer with all necessary contingencies to bail if the repairs are more extensive that you expect.

I understand that it's a process with the courts & it could take a few months, but in the meanwhile, the tenants has turned the utilities back on under their names.

But if landlord pays any utilities then you’ll have a very hard time making any money. 1% could work if you only pay PITI, and self manage (with reserves each month of course).

Once you establish they are buildable then you need to research utilities, permitting, impact fees, as well as overall development requirements and construction costs.

In regards to Houston area, Nice neighbourhoods with new mud (municipal utility district) run on average 3 to 3.5%.