If you can get a couple of hours in before the rest of the house wakes up, you can be exponentially more productive.Having a shorter commute.

However, if they wanted to justify it, I'm sure the justification is that renters cause more problems than owners; renters tend to live then shorter periods of time and there are expenses when someone moves in/out such as extra trash pick-ups, programming them into an entry system, cleaning costs as the move in/out can be messy around the building, light damage to the building, scheduling of the freight elevator, cost of providing additional notices as now the tenant and owner need to receive copies, etc.

They are going to talk with the tenant and see if they would agree to a shorter lease.

I agree, the OZ is certainly a threat to real estate syndicated deals but most of those deals are shorter-term, not 10 years. 

The Grand Parkway will look like Beltway 8 in a much shorter time than it took Beltway 8 to get like it is today.

A shorter amortization would mean higher monthly payments to the seller which may help convince him; you'd have to run some numbers to see what you can afford.

Quite often they are embarrassed by their situation and the prospect of less visitors and a shorter process sounds more appealing than scraping for that extra dollar and inviting the circus over.

The Refinance Lender normally will not accept a shorter period between appraisals.  

I believe I was trying to articulate that it may be easier to get more desirable financing in a shorter period of time in the future with a short sale than a foreclosure on your credit and that a foreclosure on ones credit is less desirable.

I bought a place using traditional bank financing and then assigned it over with no issue, but the possibility is there.Commercial loans will generally not have as nice an interest rate, and be for a shorter period than loans in your own name.