What does the clause actually allow after inspection: cancellation only, or requests for repairs and credits too? That distinction is the missing fact. Also, has the seller asked for financing proof or indicated why speed matters? A motivated seller may consider a credit despite the as-is...
At this point I’d request the retail association budget, reserve information, meeting records and responsibility schedule, then obtain the multifamily’s utility history, maintenance records, leases and ages of major systems. Inspect both with attention to shared systems and deferred work...