It's not going to be that cut and dry if the property is lis penden. 

BORAX - (look in the laundry soap aisle)sprinkle it where the ants are walking, they'll carry it back to the nest/colony. it works as a 'drying agent' so they ALL just wither up and die...

The idea stemmed a bit from Gary Keller's book "The Millionaire Real Estate Investor", the section on Net worth and constantly revieiwng what your net worth is.

After posting the last post, I realized how cut and dry I'm making the numbers sound. 

So, this question is stemming from my fears of angry tenants. 

I empathize with my tenants however, t twice because of their communications, I've come close to my warranty being dumped by the builder who's problem stems from the inability to hire talented, qualified contractors due to a building boom in the area.The builder wrote an email requesting that they only deal with me and my partner.

I sent my plumber in before we closed to stem the damage.On top of that the subfloor in the bathroom, and hallway just outside it, on the main level will need to be replaced as a consequence of pets urinating in that location for years - when we bought the property, the moisture readings in that area were off the charts, it was only later we figured out why.

Step one is get it dried out.

The best you can do is for past due months, late fees (approx 15% in this county regardless if the lease specifies more in this county) , other administrative and legal fees not only spelled out in the lease, but determined as "reasonable" by the judge.Contract Performance proceedings will yield different judgments about reimbursement for future values, but leases, in this county, are rather cut and dry as far as what to expect.

I think that there are far too many if's on this deal, all stemming from a possible bad location.