During the inspection we found what looked to be some potentially serious electrical issues, and asked if we could get a reduction on price.

I starred (***) the things that I would consider to be most important and hope to get a price reduction so I can address said issues. 

Things to consider when you PCS out after flight school, you can use the Interest Rate Reduction Refinance Loan if & when you need it to help you out.

These non exhaustive factors can be of varying importance and weight based upon the facts, and can perhaps give you some very general sense of the strength of their claim. 

Yes he could find out but IMO the reward out weights the risk. 

Upon feedback from both the inspector and the contractor, about what the findings and what it would take to rehab this Single Family property , I decided to go back to the RE sales agent and ask for a $5k reduction in price based on the findings that turned up a few things that I felt would affect my cost.

Contingencies, price reductions after home inspection, etc.

The price of a definitive answer is, unfortunately, an appraisal fee.The good news is that if this thing cannot be financed as residential, that will be true for every other buyer out there too, meaning it's time for a price reduction due to the limited marketability of the property in question.

Over time I'm sure they will negotiate some sort of fee reduction for you

I'm not sure how much more of a lifestyle reduction I can take!