It is a unique property with unobstructed water/bay views in the best neighborhood of Tacoma.

Which will also depend on the neighborhood.You want to, "rehab/maintain to the Neighborhood".Most investors go overboard on their first rehab and waste a decent amount of money.

Look at recently sold properties in the same neighborhood that match the size, condition, and style your property will have post-rehab.

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

Am I correct that a condo, depending on area and neighborhood, could be a lower risk/maintenance investment for an absentee landlord as opposed to other properties?

Sell the home to whoever your target tenant will be - modern, sleek, urban, renovated, bright/spacious; then sell the location - not whether they have a bank account or need a 7/11 - just that it is located to 'dining, entertainment, shopping, more.' 

When I purchased my property, I had read all the exciting developments in the works...indoor waterpark, shops, new hotels, restaurants, etc., but was severely disappointed when I went recently with my family. 

And, many agents that I have dealt with won't do much more than ask you what neighborhoods you like and setup MLS notifications when a property with your criteria comes up.  

For the most part vs focusing on a specific neighborhood or two I would say keep you options open to all. 

If you're looking for turnkey, you'll be leaning towards at least B neighborhoods, if not A, is that accurate?