Is it normal for turnkey property contract to say "Buy as is"?

[Richard Cheung]

Hello,

I'm very close to buying my first turnkey property and am reviewing the contract. Is it normal to purchase the home (rehab has not started) with a clause that says "The property is being sold AS IS with NO WARRANTIES". The turnkey operator seems to have good reputation in BP/turnkey-reviews.com; I'm just surprised there is no item that mentions anything about rehab work, nor warranty on the work itself, even though they indicate they have a 1 year warranty on their rehab work.

Should I have two inspections? One before purchasing (and putting that passing the inspection is condition for the sale), and another after the rehab work is completed?

Thanks, R.