For instance, what if I identify a property for the exchange, but then, after performing due diligence, decide against purchasing the property due to a defect that is uncovered during the inspection?

and if your ever in litigation over a defect of any sort any decent Oregon lawyer will determine your not licensed and you lose pretty much hands down.further to add to frustration.. you need one for every single LLC.. and since I have 14 LLCs  my main one which is me personally has the developers license and owns 50% of each of these others..

You can often just replace the defective part like the compressor.I have had AC put into a house with duct work for less than that.I believe there is Real Estate Investment club in Charlotte (maybe Asheville) you could ask them for a reference for someone that is investor friendly.You definitely need a second opinion.

They agree that failure to file any written notice of defects will be legally binding proof that the property is in good condition at the time of occupancy.18.TENANT RESPONSIBILITY:Good housekeeping is expected of everyone.

Closest real comp is in the same addition but the sellers disclosure listed many defects including the roof.My point: what is an appraised value supposed to be?

Id wager 20$ that there is some defect with the park.  

During the due diligence we have discovered defective AC units and on all occasions either the seller made the repairs or we walked from the property.

With regards to the structural issues and really any other noticeable property defects, if something is visible and obvious on the initial viewing then you should not expect additional price reduction after inspection. 

Any defects?

I had a third party inspector look at the property; among other defects, he said there was no way that the roof was new.