It's also relatively slow to do it this way.

It's up to you what kind of a landlord you plan on being over your real estate investing career but you do have an unwritten covenant with the society at large to serve, and protect, In other words to be responsible.

@Paul Caporali remember this game is slow and steady.As time progresses you will find other opportunities to help you towards your next if you work at it.Keep building/creating equity you can use, keep networking so you can create relationships for the future(partnerships etc).

It's a nice house and has a lot of valuable art in it, so we want to make sure that whoever we rent it out to is responsible and respectful.

On the market cycle, we have slowed down a little.

Call the local health department and find out who is responsible for housing code inspections.

It's their responsibility to pay or they can find somewhere else to live...dropping funds at my bank is not that complicated.Definitely get a lease in place...maybe month-to-month until you learn they are stellar tenants. 

I'll try to dissect your response.

@Kendrick Smith take it slow and get this property under control and stabilized.

How to deal with difficult tenants etc really love reading on this forum thank you to everything for your responses.