Patty Palmer (Melanie Griffith) and Drake Goodman (Matthew Modine) are living out their dream of buying and renovating a large Victorian home in San Francisco. Carter Hayes (Michael Keaton) appears to be the perfect tenant for the downstairs apartment. However, soon they find he is not at all what he seems — he may even be dangerous. When Patty and Drake try to evict him, Carter begins to wage an escalating psychological war on the defenseless couple — one which they can’t afford to lose. If Carter wins, it may cost Patty and Drake their relationship, their home, perhaps even their lives.
This sequel reunites the three surviving Regulators: Billy the Kid (Emilio Estevez), Josiah “Doc” Scurlock (Kiefer Sutherland), and Chavez y Chavez (Lou Diamond Phillips). Arkansas Dave Rudabaugh (Christian Slater) and two unlikely recruits, a fourteen-and-a-half-year-old orphan named Tom O’Folliard (Balthazar Getty) and a soft-spoken farmer, Hendry William French (Alan Ruck), have now joined the gang. But the West has changed since The Regulators last rode through. Cornered by the ruthless cattle kings and double-crossed by corrupt government officials, Billy the Kid leads the Regulators down a treacherous trail towards Old Mexico… and destiny.
An unconventional undercover cop and a Lakota Indian begrudgingly join forces to track down and seek revenge against a savage murderer. Bonded by a joint quest, both are hunting and being hunted by the same adversaries – an army of criminals and the entire Philadelphia police force.
In a lawless and violent time, six young outcasts are hired by an English merchant as “regulators” to guard his ranch against the mob, a corrupt and powerful ring. When their employer is killed in an ambush and the law is powerless to punish the killers, the Regulators declare war on the Ring.