Especially since you are new to investing, really lean- and I mean big time, on your STR investment specialist realtor.

Someone was a wolf in lamb skin, talked you into a bad deal? 

The lender has provided a creative approach to provide you with adequate liquidity, ensuring your partner has skin in the game, since he’s on the DOT, but not on the mortgage.There’s nothing wrong or illegal going on here.  

Where is your skin-in-the-game?

Although it takes time to absorb through the skin, any open wounds would make it dangerous.

The trouble is, she doesn't want to move there anymore by herself and would like to maybe buy a single family in Milwaukee instead and wants to free up her financing to make a move on something locally this year.I don't have any skin in the game on this anymore, except knowing that we put so much effort and time and creativity into finding this deal (and it is by far the best one we'd ever analyzed). 

If you aren't refinancing--(hence tying up their $130K for awhile), my opinion is they should probably get the majority of the cashflow since you have little skin in the game. 

Should I also consult a tax specialist in Ohio or just NYC?

Maybe consider running them by an experienced RE investor in the area who doesn't have any skin in the game. 

Beyond those questions - which will drive a lot of the answers you want - there are these basics:For a personal house - you can usually get loans with as little as 3% down... but for "income properties" - the banks usually want  you to have more 'skin in the game'.