For instance, said property manager manages maintenance issues, problems that arise during bookings, basically anything that needs a physical person at the property, while I manage the rest?

Private money and personal funds.

they're not magic.are you going to in-person / informal meetups? 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

While I don't personally cover the Scranton area, my team and I work extensively with investors in the Philly suburbs, and I’m always up for a great real estate conversation.

If the person stops making payments, they alas,  have to foreclose.

If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan. 

Personal money How did you add value to the deal?

If there is a due on sale clause in the loan doc then it doesn’t matter what the loan officer told you verbally.I’m not an attorney, but from my understanding of the loan is still in your name personally a good litigator can pierce the veil and your LLC protection wouldn’t amount to much.

Figure out which best fits you and your personality and take it from there.