As all the agents have pointed out below, a solid home inspection with an ASHI certified inspector is a must, as is a complete WDO (wood destroying organism) inspection.
There are two timeframes for inspections with short sales: either your timeframes for inspections started when the SELLER, which would have been roughly 10 days from date of acceptance, OR, the timeframes for inspection run from when BANK approves the short sale, in which case, they are still possible.
As mentioned above, if the property is still seller owned, and a short sale, then the property does not yet belong to the bank. If, however, you opted to purchase a foreclosure, your timeframes started with the effective date of acceptance.
I strongly recommend you have a talk with your Realtor to gain a better understanding of your inspection rights, timeframes, and results ASAP. If you are not working with a Realtor, you may want to revisit the inspection results with your respective inspectors to get their input and/or their recommendations for contractors to help fix the issues.
Additionally, if you are military, which you may be as you state NAS, you may have on-base resources to help you with this situation.
Both short sales, and foreclosures/bank owned properties typically convey/sell in "As Is" condition that the seller will make any repairs, making the inspection timeframes very important.
Good luck and if I can help, please let me know.
Prudential Network Realty