.- Your property has generated substantial equity in the past few years- You are an active investor looking to maximize your net worth aggressively- You're willing to move those funds into assets that are less volatile (i.e. markets that don't go up or down as much) but with higher residual income until your next opportunity to invest in equity arises. 

It seems to be a rising city that's still in my price range.

.), and find out what their plan is to deal with inquiries (timelines), how they deal with cleaning and other issues that will arise.  

With other homes, we always have a repair guy go look at the units when a problem arises!

Always good to have one ready when a good opportunity arises.

My wife and I have been talking about investing in real estate for some time now, and have had an unique opportunity arise over the last week.

Even with long term leases I can only imagine the issues that might arise.  

I will keep an eye open and work on making sure I have some capital put put down fast in case another good opportunity arises. 

A rising tide lifts all ships.

But I would definitely start out with setting up a business entity to protect your personal stuff from anything that could arise on the business side and most hard money lenders want you to have one set up for their lending purposes, at least most of the ones I've talked to do.