The house is in pretty good shape, except some chipped paint, a fence that needs total replacement, some plumbing fixtures.

Turnover, plumbing issues worse for basement units, hard to rent without laundry, common indoor hallways, etc...

If it's vacant, assume the plumbing is gone, and possible the wiring, furnace and water heater.

The house needs everything: Roof, gutters, siding (asbestos shingles nailed over older cedar shingles), drainage abatement, rehabbed bath, total kitchen, replaced flooring (half), refinished flooring (other half), back steps, total landscape, HVAC (old furnace is missing), insulation (2" in attic; none elsewhere) additional electrical circuits, plumbing includes iron pipes, interior trim and paint.

But I'd still call to check just to be sure.Note that while the Realtors are a great resource and the most likely to answer their phone to help you (because they sell classes, basically), I believe the "real" authority who matters for your broker application is the RI Division of Business Regulation (DBR) - see http://www.dbr.state.ri.us/divisions/commlicensing/realestate.php (in particular the "Education (Salesperson & Broker)" section on that page).The DBR education resources may not, though, cover the lead specific requirements you're asking about.

Roof leaks, mold, bad plumbing, wood rot, termites, pests, and so many other potential issues.

@Joe Kalis  I agree completely about the concern about water. if we remove the tub we will be able to see if the leak is caused by the plumbing or the poor seal around the current surround.If we use a liner and the water damage is caused by plumbing I will not have solved the problem so your point is a good one. thanks

Again, there are a lot of rules and regulations, along with education requirements.My final advice is to consult a real estate attorney before making any decisions.Anything worth doing, is worth doing right.Keep us posted!

Seller expressly warrants that property, improvements, building or structures, the appliances, roof, plumbing, heating and/or ventilation systems are in good and working order.

Plumbing (bathroom needs plumbing hooked up and basement has broken pipe) needs repair.