FYI the Carmel/PG/Monterey area is one of my favorites in CA to vacation.

If you uncover that answer, it may shed some light on the investment (maybe it's good info and it satisfies my skeptical approach)I have found the biggest three seller motivations (with landlords) are:1) Tenants are subpar and current owner is tired of managing (in this, you're inheriting headaches, eviction, and much higher repair costs than you expect). 2)  An estate took over and just wants to get it gone (in which case there is probably a back balance owed that needs to be flushed out along with a general lack of property knowledge). 3)  My personal favorite: the Owner bought via tax sale deed (and therefore does not want to be a landlord, just wants his investment + reasonable return).If everything checks out, it sounds like a great deal bud.  

I don't think that spell check has been removed - there are a couple of great ways to use software to make yourself appear smarter than you are.My favorite is Grammarly - it checks your spelling and capitalization/punctuation.

One of my favorite cities in the USA :) Congrats on keeping and renting out your SFR in Boulder with positive cash flow.

Everything is way too expensive here and it's not my favorite town, but I have to live (and rent) here for the next 8 years. 

Be friendly (kind-considerate-respectful), firm (be clear about your expectations and have the moxie to address issues as they arise), fair (comply with the law, no favoritism, appropriate response to the situation) , fast (quick to respond to maintenance requests and other tenant concerns), and flexible (when the situation warrants).

A few of may favorite books so far have been.- Set for life by @Scott Trench.

Save for 7-8 months and get my 20% down of 10k on it and go to a bank which isn't my favorite option or maybe since I was reading on here that life insurance company's have a very low interest rate and like to invest in multi family buildings that would be another good option.

I've been doing build to rent off and on (when I can find great deals on lots) since 2010 and it's my favorite strategy.

Can be a cashflow killer.Tired landlords that offer seller financing is another of my favorites.