The home inspection report shows some defects in the Electrical, heating system, and AC duct defect.What is next step?

Roof, plumbing, electrical, heating)8. check to see if the current owner has had the property tested for lead. 

Replace oil heating immediately.

I own a house in Belleville NJ that has a boiler heating.

The good thing is that the market isn't getting softer, it is a decent bet that by spring/ summer the market will heat up again. 

I've also had my own workers do a significant amount of stealing that included stealing rent checks from an iron locked rent deposit box.I've been running a plumbing, heating and construction business for 50+ years and I don't think one day goes by where something is not stolen from my office, warehouse, vehicle or side job.

What if she had left the water running, all the lights on, or the heat was off in the middle of winter?

For utilities, base it on square footage for things associated with heat or electricity and number of bedrooms for water. 

If seller offers subject at $400000 then start using a pencil and inspect the roof, plumbing, asbestos. lead paint, heating system...

Also, this project had most large repairs such as the roof and heating system already complete.