The only way any appreciable amount of condensation would collect is if the bike never gets up to normal operating temps. It really should not be an issue. In that case, I'd check the t-stat. They're designed to fail open rather than failing closed and overheating.
Also, in my experience, water in sporty primaries is usually from rain or wash water getting in through one of a few places.
Since when? The first sign you'll see is overheating, because when they stick open, it's not so noticeable. Might see a lower engine temp, or the heater not so good in a car. Most I've changed have stuck closed, and it was known right away. Motorad Failsafe t-stats are designed to fail open, I know of no others at the moment.
Short trips on any engine will make the oil or at least the valve cover milky. Let it go long enough and the oil turns to paste. Somebody that only drives a short distance to work and home will certainly see a problem.
With the temp swings in my garage the past three months, all metal looks like it was misted with a spray bottle. Has to happen in the crankcase too.
To say that oil does not go acidic, flies in the face of decades of motoring data that says otherwise.
At 3000-3500 miles, my oil sure looks and smells like it needed changed. The VN manual says a lot more miles, but that really looks like a misprint.