If you do an inspection and find up a chewed up molding, schedule a repair and she pays for it (not at the end during final walk out, but scheduled inspections).

They'll need DOB permits and inspections, possibly the fire department too.

If my offer was accepted but the home inspection came back not so good, Should I renegotiate a lower offer price?

question:1) As a wholesaler do I need to do inspection after I have gotten the property under contract ?

If your offer is accepted the agent should submit a form to HUD (if you want) that permits for 72 hour inspection of the property to allow you have the utilities turned on (at your expense) to check for any major problems.

Your realtor and lender should walk you through the process, but with an FHA loan you'll get a professional inspection and report on the condition of all of the systems of the house.

Inspection was yesterday.

Here are the specs:6 unit brick multifamily Apt building-priced at 569,000- negotiated down from asking 600,0006-2bd/1bth apts currently does 4700 per mth-rent currently about 20% under market at the start of due diligence was 100% occupied-That is what I based my offer on building performing at 100%tenant just gave his 30 day notice -so before closing the building will have 1 vacancy performing at 84%The inspection also turned up 15k of safety violations I believe both are points of renegotiation-I'm just not sure how much is my question-I was going to ask for 15k of a closing concession to cover the safety issues-but how much is considered acceptable/reasonable to decrease the price for the vacancy?

But remember once you pass inspections and get insured, you do have a fair bit of assistance available through your policy if something goes wrong unexpectedly.

Another "out" allowed for the buyer is during the inspection period, but the inspection out is not a guaranteed out since the seller may agree to all inspection repair requests to keep the contract alive.