There was a limit on how much land could be claimed by any one person to prevent abuse, which made this land useless because it couldn't be easily farmed. 

Unless I'm mistaken there's nothing that would prevent you from buying a house with an oil tank that was leaking 25 gallons a day much less a decommissioned one.

@Brian Dickerson, federal law prevents lenders from exercising the due on sale clause if you transfer the property into a trust for estate purposes, but you must remain as the beneficiary, which means that you also still have all of the liability.

(Its to prevent the co-mingling of funds) The new LLC can be owned by an existing LLC, but the SPE LLC has to be the only owner of the property. 

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

While you may not be able to directly prevent them from vaping, if there is damage caused by it your lease will have you covered.

A week later, a service technician at Amazon Web Services threw the wrong switch by mistake and half the Internet went down for a few hours (AWS says changes were made to prevent this from happening again).

@Paige Roberts I would modify your lease to prevent this in the future.

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

I NEVER, EVER sign a lease ahead of time, just to prevent monkey business like this.