I'm fine with what I paid him for the work he's already completed, but would just like to hear from him that he's done with the job or what the situation is.

And you create a situation where you are totally dependent.For most people in the US OOS investing does not make sense, the economic delta is not large enough to justify the additnal cost and management burden. 

It can be done but each situation is specific and would be underwritten to see the risk and what the exit strategy is. thats the key with shorter term loans - understanding what the borrowers exit is.

My spouse was the primary decision-maker, and I’m unsure whether to keep my share, sell, or hire a property manager.For those who’ve faced similar situations, what worked best for you?

There might be some hoops to get through with conventional financing with your income situation, but if that doesn't work, you could use a debt service loan.

Or you can try James' approach to sell before the significant cap ex items but I suspect you will be selling at a price that reflects the impending coming expenses.It is my belief that you have never calculated out your sustained maintenance/cap ex costs and truly believe this has positive cash flow.I am trying to provide some insight as to your view and to your situation. 

Some lenders work with 220+ lenders and can really understand which lenders are best for you based on your situation. 

The only situation that I think it would make sense for you to start investing right now would be if you are not investing the full $200,000 and are looking to take some money off the board and put it into a safer investment.

What is the situation like in Kansas City?

James and his people who manage the program are nice and give basic sales and negotiation advice but not much that moves the needle in any situation.