Alternatively, if you wanted to keep things simple, I think it would be fair to push for an additional 5-15% split as a result of your role as a loan guarantor.  

Just my first blush thoughts...St Louis seems like a good choice because it's closer to you and is a good cash flow market.

@Jonathan Safa I'm glad you mentioned the Roth IRA, because that helps take taxes off the table when making a comparison between Real Estate and other investments.There is nothing about "having someone else pay your mortgage" that by itself represents a superior choice. 

You may get advice to go one way or the other, but this is completely a personal choice.

I see real estate investing as a lifestyle choice rather than a job and that's what's exciting me.

That alone would make my choice, but to make no doubt, you have a felony in your unit.  

That’s a tremendous return, but Ashley and I had a choice to make.

The choice to carry renters insurance is on them.Renters insurance covers their belongings, liability is in the event of a lawsuit.We have a president in our jurisdiction allowing us to inforce the request.

There is a possible alternative.

At this point, am I forced to hire someone who CAN respond to situations at the drop of a hat, or are there alternatives?