I've got the computer set up with the appropriate software and I've been running it from my basement without any problems for a couple of days now. The GUI tends to sag a bit, especially at full screen mode on my second monitor, but that's okay since I only need to monitor the miners, temps, etc. The only missing feature I can think of would be the ability to run the program from my Android smartphone. It would be awesome to be able to access remote desktop from anywhere.
The ambient temperature is almost 10 degrees lower down there as well, which is definitely one of the advantages here. I've thought about moving the PC into my garage or patio enclosure to keep it at an even lower ambient temperature, especially with winter coming (located in Cleveland, OH whose climate borders on frozen tundra for most of the year). I worry about condensation though if its left in either of those rooms because neither of them have humidity control. Is this something to be concerned about or is it a non-issue?
Thanks to everyone for your input. I'm glad I got this figured out because it's much quieter in here now.