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.)

When we have utilized cash for keys; it is prior to filing an eviction.

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

It was just a verbal conversation on how we would 1/3 rd the utilities and if anyone had any issues we would all sit down and discuss.

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All tenant paid utilities must be transferred into Prospective Tenant’s name except for furnished units, and a lease must be executed and signed by all parties.How have others handled this? 

The inspector told me we could re-schedule because he needs the utilities on to do an inspection, but that it was probably not worth my time.

Sufficient documents include:A recent utility billA mortgage statementAn insurance policyOnce reviewed and approved, we will then lift the hold and restore full access to your Avail account.We strive to ensure that all of our customers love using Avail.

The property will likely not be more valuable that it is now.Intended purpose of the investment is for cashflow and long term hold.The basics of the listed property are:Listed at peak value ($110,000)3 Units: 2 bed 1 bath occupied and renting at $8001 bed 1 bath occupied and renting at $6501 bed 1 bath occupied and renting at $650Total rent income: $2100Conventional financing at 20% down. 15yr/30 baloon.Owner expenses (insurance/utility/taxes/Etc.): $7600k/annuallyAfter putting away for vacancy/cap exp/management exp/repair/maint.

@Gabe Bouldien the tenant is responsible for rent, utilities, and other costs until a new tenant takes over.