Well this morning I pulled the water separating filter off and dumped the contents into a glass jar. Didn't see any separation in it all day so I'm guessing water in the fuel isn't the problem. I went ahead and installed a new filter that I had planned to do anyway.
Then I pulled the IAC valve off and noticed that I couldn't move the plunger inside. I wasn't sure if this was normal so I took it to a local boat shop. They where really helpful and let me look at a new IAC they had in stock. Turns out the plunger should move very easily if you push on it with your finger.
I purchased the new IAC and went ahead and installed it. It fired right up and ran great. Put the boat back in the water and had a nice two hour "test" cruise just to make sure.
