If these are the things on the surface, I would imagine that bigger things would be revealed during the inspection, at which point I would like the option to walk away if I so choose without losing money.

I know I've barely scratched the surface.  

I've been reading here as a lurker for years and a member for a while now and still haven't cracked the surface of education freely provided.If you plan on staying i'd put a picture up, you'll get more replies to posts simply because you made the effort and it appears you'll be staying awhile. 

We got to a point where we decided that we had enough of the stench, the brown drainage on the walls, the burn marks on the window sills and sink tops and vinyl floors and the butts everywhere. 

Fully acknowledged that I'm not an architect/contractor with the credibility to make that judgement, but I consulted in person with several architects and contractors who all agreed that the addition looks at surface level well-built. 

These units are large, so this pricing equates to $1.30 per sq.ft.So - what we have is a community that will offer 85% of what new construction offers in terms of location, finishing surfaces, and amenities, but at 65% of the cost, or less.

Had obvious drainage issues, funky layout, etc.

There were several other things wrong with this laundry room project that would have surfaced, including the air vent, had we gotten a permit in the first place. 

@Sam Leon When we acquire a MFH, it is typically as you describe - a hodgepodge of multiple generations of wiring from different providers strung along all nature of exterior and interior surfaces with random holes drilled in through the envelope.After we rewire one of our buildings, the resultant job quality greatly exceeds what any of the telecommunications providers subcontractors produce (most providers do not wire beyond the termination point these days).  

You will clean the surfaces, empty trash, shred the papers marked for recycle, vacuum the floor.