If you have a mortgage on the property, not repairing might not be an option, and than there is ordinance compliance, that could create issues with leaving the property abandoned, may require rebuild or site clean up.    

I have not personally, nor heard of a LL submitting a "take it or leave it" lease document.

Live in SB, but looking to purchase multi family in some of the cheaper areas of the central coast to diversify my portfolio and get my skin in the game. 

I guess it only takes one bad apple to cause a problem, but I have not had an issue yet (knock on wood).I’d leave it alone and reconsider later if it does become a problem.

I know what he wants for them, but want to make sure it's a price we can actually sell it at, and also want to make sure he's not leaving any money on the table.

My question is - would I need to connect the thermostat to my wifi, and just give general access to my tenants - changing the password to it when they leave? 

Automates leaving reviews too.

Many a young investor has been skinned alive in them thar waters........Just kidding, they have all kinds of good information.

That means they have skin in the game and are less likely to be ignoring your calls come the 24th.I usually take a $200 booking deposit to hold the apt.

I still work (but plan on leaving the company where I am vested with my 401k).