If you're doing it property management style, that might be a hard pill to swallow.

Would you also say that a possible reduction in rent be adequate to compensate for the tenants trouble, or no?

My thought, and no I'm not an expert, is that modifying would involve more of a principle reduction versus rate reduction since most borrowers are underwater, or possibly a combination of both.

The tenant might keep the run down space as a bargaining chip for the landlord to do major TI upon the option or a rent rate reduction.

Life is good.So, you don't need to do anything unless you hear that you are going to be "riffed" (reduction in force) by your employer.

Considering the massive imbalance between listings and pendings, it's safe to say that we are experiencing an inventory reduction.

Right out of the gate, I'm crushing any other LO, Lender or Mortgage Broker as I'm $12,000 to 13,000 cheaper with the Realtor Rebate which can pay for my borrower's closing costs, be used to further reduce the negotiated sales price, used for debt reduction, used for Rate Buy Down, pre-paids, extend sales contracts, etc., etc. 

Also, when/if I agree to their conditions and move into inspections, if something does come up that needs repairs, can I then at that point ask for a price reduction or credit to mitigate some of the costs?

Now, if that was to ever change (there is def. pressure from neighborhood groups) suddenly Somerville would have a 99% reduction in its Airbnb listings so I want to do it the right way.I'm happy to stay in touch and update you on how my process is going. 

Also, nothing in your purchase contract regagrding commission is enforcable.The listing agent seems to already be the prouring party.Since you've "already agreed on a price" any commission reduction wpuld simply stay in the seller's pocket anyway.When you start trying to dictate to a seller what and how a commission will be paid, you may just demand your way out of a deal.