The only real requirements for life are some form of energy, some kind of mass and an environment it can survive in.
No one has any idea. You have no idea. No one does. Life may be completely unique to Earth. It might require an exceptionally rare cosmic event to "ignite" it from the requisite building blocks.
Life is however more likely to be carbon based than not as carbon lends itself to large molecule chains due to the number of electons in its outer energy level. Not that it would be impossible for life to evolve out of say silicon. It would just be a lot more limited and a lot less likely.
I think water is quite common in the universe as well. Hydrogen is by far the most common element in the universe and is the main ingredient in water.
Holy ****, Mr. Wizard. Thanks for the 4th grade science lesson. Water is made up of mainly Hydrogen?? No way.
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