If you can stay where you are now without burning any bridges, I suggest you stay there for the two months you need to save up for the down payment.

The home has been a rental property since 2010 with the previous tenant staying 5 years.

Now I'm ready to take action and start looking for my first deal.I was fortunate and disciplined enough to build up some decent savings to have as working capital to get started.

Also stipulate how long someone can have a guest stay without notifying you. 

He did provide me with the current rent roll, 1 year bank statements, water/sewer/gas/tax bills.Here are the numbers based on the bank statements for 1 year:Total income: $82816Total expenses: $75967The park isn’t making much profit but if the occupancy stays at its current rate or increases, it seems like a good deal to me.

Currently looking for a buy and hold in CT, but would prefer to stay out of the cities (Waterbury, Hartford, New Haven, Bridgeport etc.) is the 2% rule realistic outside of those areas?

So I'd stay informed but relax and enjoy the awesome San Diego weather until you move to NC.

This helps ensure the contractor stays with the job for quick completion. 

The bottom line is that I'll stay home and skip Cochran and Watson's Las Vegas weekend (Vegas has never been my cup of tea in any case) and I'll spend my money on my own marketing campaign. 

It can take time and patience to find the right tenant but if you find one they likely will stay awhile.