Once I did the inspection, I asked for a steep discount (about 30K) and surprisingly, the seller accepted.

The plan is to convert the commercial space (currently 1 of the 4 units) to a residential unit, which I've already cleared with the city permit/inspections office and have spoken with an architect regarding the process.

*construction company is new on the scene, so no reputation good or bad so not sure I would want to forgo any inspections. 

My thought is that this is very bad for the seller, so I probably have some considerable leverage to renegotiate if I find that there are still some substantive issues after we do our own home inspection (which I believe there will be, given the seller's reticence to do repairs). 

Now I'm not an expert because I'm currently in the procces of getting my first rental property using the VA loan, but the only money you would need is to pay for the inspections.

If it passed a VA inspection, I would think its ok.

I wasn’t going to throw all my money away on a house I haven’t investigated, I just wanted to submit an option check so that I could get an inspection and ward off other offers. 

Can I FHA loan inspector or appraiser be sued for approving a house with structural issues, Bought a house a few years ago thinking that the FHA wouldn’t approve a house that had structural issues after I purchased it...

Our purchases typically need between $1-4K in repairs to satisfy the municipality inspections and to make them rent ready.

I'm currently using it to just put up a handrail for a rental permit inspection.