I would be seeking seller financing as the ideal arrangement.

He made the long distance arrangement a breeze and always made the extra effort to make himself available to deal with the attorneys on our side of things. 

I am at the beginning stages of learning and creating success for myself and others through Real Estate Investing!

It sounds ok if they are doing all the work but I’d be wary of this arrangement where someone else is spending your money on the rehab.

It's all relative but value engineering during the precon stage is hugely important.

If I want additional marketing for specific vacant units, how would we arrange that?

If you were to concentrate on learning everything there is to know it could conceivably take 6 months to a year to consume along with properly researching your market.Learn your market, finances, expenses, cash flow, tennat screening, PM screening, state landlord tenant laws, etc. etc.You are at stage 1 in a 100 stage learning process, slow down.

Also,What is a typical split for this type of arrangement?

It costs money to conduct this stage, but SHOULD have been accounted for during your underwriting phase.Don't just sell because they are operating in the red and happen to be out of state.

Once they all trickle out in various stages of shock, drunk, high, and who knows what else, my wife and I step in to assess the damage.