As an investor, consider viewing the house through the eyes of a prospective buyer.  

I'll try to keep it short... essentially, I've been eyeing the Summerlin Las Vegas NV area for quite a long time.

You may someday have to decrease your rents, and then again, thinking positively, raise rents.So I would just relax, make your tenants happy, but also staying firm when needed, take care of repairs when needed, and keep your eye on your Profit and Loss Reports by class and you will know when to make changes.  

We live in Arlington and are keeping our eyes open for a deal that will work but haven't found one yet.

I recently went to a workshop and it really opened my eyes and lite a fire under me.

If you haven't heard yet, there's a new vacation rental forum in the works here, so keep an eye out for that:  http://www.biggerpockets.com/forums/25/topics/192667-vacation-rental-forum-thoughts?

Once suggestion is to keep a close eye on it.  

Megan, any drop in price will get more eyes looking at it.

@BrianGibbonsWhile I don't want to seem too starry eyed and bushy tailed, I must acknowledge Brian Gibbons for what he does.

Make sure your PM has the right experience, a supervisor is not a PM, you need a real one, a superintendent that worked his way to PM might work, as they know what need done first before doing the bird eye view scheduling and budgeting, but that's rare.