The property came with some structural defects that require an investment to repair, but the necessary repairs will make the property more valuable and desirable in the long run.

For example, my lease has a clause that reads (in part): "Tenantshall be charged for repair of drain blockages or stoppages, unless caused by defective plumbing parts or tree roots invading sewer lines."

Look for obvious defects as well (but usually the shortcuts are hidden).And last but not least, make sure all permits were pulled. 

The product itself may have been defective as one service person said this is the third module of this type that is leaking this year.

@Brian Bistolfo The title insurance is not an issue unless a defect in title comes up after closing.

@Aaron Gorum"Performed to industry standards and defect free under normal viewing conditions"Custom cabinetry?

Because once they know the property’s material defects, they become obligated to disclose them to any potential future buyers (if you were to cancel).

There has to be significant defects beyond which you were already aware.

Indemnification – add “Tenant shall not be liable for any damage or injury that arises due to defects in the Premises and Landlord hereby agrees to indemnify, defend and hold Tenant harmless from any and all claims or assertions of every kind and nature.”27.

You can make the offer contingent on any (legal) you want.I would definitely include an inspection and a full disclosure by the seller as to condition and known defects even though they are selling it as is.