Since it sounds like you're new to BP, start with the section called "Education", sign up for the webinars, listen to podcasts, read books.

Just because it's 'as is' you should still at least walk through it during the inspection period, if not get it inspected.

I know educated buyers study the neighborhood before they buy.

I'm definitely understanding that I should probably be a bit looser on this detail in the early stages... and open up to more detailed analysis once I know it passes the first level of tests.But I will say that doing this deal analysis each morning has been SUPER educational.

What you're alluding to are capital expenditures, or CAPEX, which can be depreciated as an expense over a period of time from the owner's tax obligation.  

Some people will give the Seller 30-60 days extra where that is held in escrow - but the truth is that if you are clear and up front with them when presenting the contract, it won't matter and is not necessary.Finally, the reality is that if you do proper diligence and have a reasonable feasibility period (e.g. 2-3 months is standard for any commercial property) then you will be fine. 

They are offering tax sales properties for sale for a deposit and it comes with the normal redemption periods. 

Namely any obstacles that might preclude you from being upsold on their "education" products. 

Typically they are written so that if the borrower does not make payments, then they are given a cure period at which point if they do not "cure the contract", then the Seller/Lender has right to immediate possession of the property. 

My brother and my wife's brother have provided quite adequately for their education.