I agree with @Daniel MohnkernDaniel you being in California has a whole different set of potential problems as my parents have been on the wrong side of this situation and the end result was the tenants got to stay in the property for 9 months and then they had to pay for their moving expenses because of a "perceived" violation of their rights....Anyways as far as whether the property is abandoned if you are getting rent money then I would not disturb it, if you stop getting money and they are gone then thats a different story.

And, of course, they want full indemnification for basically all but burning the place down themselves.I don't know if I want to start the relationship off with what I perceive to be an attempt to rip me off, even if I can negotiate it back down to reality.But before I do anything, am I wrong that this is outrageous?  

Some people have the ability to rebuild even if they go bust through innate abilities or perceived superiority in skills.  

Please point out anything I've posted that someone of your intelect perceives as b.s. and I will attempt to explain further.

I came across this Ted Talk by Rory Sutherland that explains how advertising creates perceived value as opposed to actual value for a product.http://www.ted.com/talks/rory_sutherland_life_less...Understanding the power of perceived value is crucial for parties on both sides of an advertised deal.

The risk that I reasonably perceive from that based on 90 years of data is less than the risk I perceive from the lower returns in bonds.

But I don't perceive it as recession proof, if your going into the rent up phase.

This breakdown of how to perceive roof replacement as a factor of monthly CF has reshaped my thinking and I'll absolutely bring that into our next purchase.

Do not invest in any location where the population is stagnant or declining.Crime - People and companies will not move to locations perceived as dangerous.

I would not invest in any location where the population is stagnant or declining.Crime - People and companies will not move to locations perceived as dangerous.