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First off, allow me to sincerely thank all of you for the input. It has all been very beneficial. Many of you really helped accelerate my learning curve. I also want to make it known that I did not use ANY racial slurs of any kind, even though he had no problem with doing that to me. I know I made a couple of mistakes yesterday with that confrontation, but it was my first time (and thankfully not my last time) and I have the wonderful opportunity to use this situation as a learning experience.
Just to add a couple of other details to the story, both of the men were around 5'10'' and in the neighborhood of 205lbs. The aggressor was mid 30's and the other man was mid 60's (may be a little slower, but last I checked, a 65 year-old man can still fire a weapon). I am 24, 6'1'', 215, and just 1 year removed from being a professional baseball player. While walking back to the office from the confrontation, I walked with my back to them, yet had my head turned toward them, watching their EVERY move. Also, I had my cell phone with me, and I was actually writing the vehicle description/License plate # in the notepad on my phone.
In hindsight, I should have stayed in my office to begin with and called the police, just giving them a description of the vehicle instead of walking up behind their vehicle and recording their license plate number. If I ever find myself in a potentially dangerous situation again, I will try to find a way to create more distance between myself and the BG, and be more aware of how my words could be preceived by the threatening party.
Once again, thank you all for all your input. I really do appreciate it, and will continue to read all of your thoughts to better educate myself, and hopefully some of the other readers on this blog.

Ok so here's what happened. I am in Real Estate, and we have a real problem with people who park in no parking zones in the community I manage. We also back up right next to what some people may call "The Ghetto." Well today, I show up and there is a van parked on our Home Owner's Association grass at the entrance where there is flowers, bushes, sodded lanscape, ect. I walked up behind the vehicle to write down the license plate number when two African-American males (owners of the vehicle) walk up behind the ledge to my right and ask "what do you think you're doing?" I responded "I am writing down your license plate number and the police have already been dispatched because you are parked in a no parking zone AS WELL AS on private grass." One of the men responded by saying "I ain't afraid of no Police!" I then told him "that may be the case, however, I don't think you want to pay $700 because your vehicle was ticketed and towed." Here's where things escalated...
He then informed me that he was going to "crack me upside the head." At that point I told him that it would not be smart to threaten me and you don't know who you're talking to. He then said "you don't know who you're talking to you cracker". I responded by saying "look sir, just move your car and have a nice day (while backing away)" and he said a "(few curse words) cracker, you better watch out!" They got in their vehicle and began to slowly follow me as I walked back to my office. I was praying that I wasn't going to be a victim of a driveby.
Luckily I got back to my office safely. After getting back inside I called the police department and informed them of everything that just happened. They had a detective call me and file a report. With all that said, yes I am a CHL, and yes I was carrying. There was a couple of moments where he made physical advances while he was making his comments that made me nervous enough to want to draw my weapon, however I didn't because he kept his hands where I could see them, he never got closer than about 5 feet, and the other man that was with him stayed back and didn't say a word. Did I do the right thing, or would any of you have pulled your weapon? Any input would be greatly appreciated! Thanks