The owner at that point was just tired and ready to make a realistic deal.  

A checkbook IRA is nearly identical as an investment vehicle.  

I am very interested in making this a career because I have grown tired of being in the navy.

I was tired of all the booms and busts of the stock market and I wanted to have a property that would be there even it dropped it price.

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.  

Tired of hearing people say "the Raiders are coming" as a reason to overprice their land. 

Gas up all vehicles. 2 bins of food, gatorade, and water. 

He doesn't invest in stock and 401k afaik.Anyway i think different people have different cup of tea in terms of investment vehicle. it's good to know their stories from both side and determine which one you choose.

Maybe work on timing to have the tenant's vehicles out of the way.

Except for the loan where you would be better to lease the vehicle.