Right now there are definitely more units available than average, but they aren't staying on the market for extremely long.

Important things to check include opening and closing every cabinet, looking under sinks, pushing on doors and cabinets, and checking commonly used areas.

Any losses incurred along the way are chalked up as inefficiencies / common area heating costs.Whether this is a good idea, IMO, is based on markets trends.

You are required to close if the assignee doesn't.Saying attorneys are ignorant of the law is hubris in the extreme. 

Just like our BANKERS validate and question our deal analysis, you need to be the BANKER.Majority of the Syndication failures going on right now are due to either Short-term financing used on longer term projects- in a period of extreme interest rate hikes, material Inflation, or Covid related supply chain or personnel issues.You as the BANKER, know that all of the above should have been covered by the Syndicator and by you the BANKER. 

However, Northern Utah seems to me an extremely hot market right now, with deals closing before they can even hit the MLS.

You can also learn average costs for common repairs in your market to get a ballpark figure yourself.

In fact, a common colleague of Chris and mine worked with them for a few years but departed once he learned of the issues outlined above.   

Yet, it seems common practice for wholesalers to use this contingency to back out of the contract simply because they have not found a buyer within the inspection period.

Software is a common question on BiggerPockets.