I'm currently in RE school planning to take the state test next month.

A voltage detector pen. one of the things that can spruce up a property is new cover plates and outlets/switches. they're usually pretty cheap at $0.60 a piece or less but it's always nice to make sure that the electricity is off if you're working with other people that need the electricity on or if there's a bunch of rabbit ears you can determine which one is the feed wire by testing with your trusty pen.

If the work has not been completed by closing, the buyer can walk with the earnest money.You could negotiate a five digit escrow at closing to mitigate this risk ( unlikely the seller will agree I'm sure)You could gamble buy it and hope there is no contaminationYou could require the seller to produce a recent Phase 2 environmental showing no spillage or ground contamination and with that buy it and remediate the tank yourselfIf the seller balks at options 1 or 2 or 4, then all you can do is watch the listing age out and test the seller for motivation every month or so.

Some good some bad but I'm confident that with the curriculum and the test prep that'll I'll be solid enough to pass the state test.

I've seen both single and multi family properties perform extremely well but the approach may be slightly different.Single Family Pros & ConsProsRenting by the room has a higher likelihood to cashflow (renting individually produces more revenue than renting in 'bulk')Being that you'd be living in the same house as your tenant, it is easier to ensure that you are receiving your rent on time and you have supervision of your dwelling.It is generally easier to get approved for a single family and the self-sufficiency test doesn't apply.

In NH I am on well, and while I don't pay a monthy/quarterly water bill, it still costs money for maintenance/servicing/testing. 

Try and find a new General Contractor that just moved to your area that does new build only.Then you need to tie down" dirt", zoning, city requirements. etc etcIt will really test your patience and wallet very quick.Good luck Arthur

@Laith FaouriYou need a few developers to chime in here regarding the funding / financing.Maybe share more details on the property and scope of the improvements.Feel free to reach out if you need to test any ideas on the design and construction.

Ideally, you should have a soil test done, and then based on that result, you'll know how many feet of dirt to take away and how many feet of "select fill" to bring in, so your future foundation doesn't buckle or shift on our expansive soils. 

They use tests of who controls the work, how they were paid, did they supply their own tools, do they work for others, who supplied the materials, is there a contract, etc...