Glad you both are doing well.Now, if it were me, all things being equal- I were in your area and knew the dynamics of your market, I would sell the condo, possibly 1031 exchange. 

Trulia Local is a very cool tool to get visual snapshots of neighborhoods.

The better you purchase something with more room in the deal the more exits you have down the road if dynamics change.I see people purchase things all the time that I wouldn't touch.

A lot depends on the health and housing dynamic of the town. 

My local market is limited and has weird economic dynamics that make me think about investing remotely every day.While "YES" remote investing is certainly possible, I see that the only way to be successful is to have robust and redundant systems in place in your remote market. 

I did loans in Memphis same dynamics.

The dynamics of the second lien still elude me.

Repairs-  You cannot modify the property in any way so with some utilities requiring inspections before service can be initiated, any required repairs cannot be doneYou can have an inspector do a visual inspection and have a plumber do a pressure test which can identify some issues

Learning.Real estate is a broad and dynamic field that is constantly changing.

We can debate the merits, but it certainly changes the dynamic in the securities offering and the motives of the platform