You are going to spend a lot of time on obtaining a mortgage, finding properties, getting insurance policies, hiring a property manager, etc for $150/month.

You get the idea.Then, think about how much overall value and expertise and risk each person is providing and split the equity based on that.For me, the important thing is to structure it so that there are project-level expenses that accurately reflect what it would cost to hire someone to do that. 

Are there options to hire a third party member to check out the house?

You will need to hire an architect for drawings and plans and a local one will be familiar with the process and the zoning laws.

Then you can hire a part time leasing agent and/or maintenance person at an hourly rate.  3) You could shop the PM to other management companies and see how there bids align against your current company. 4)  Find another owner and offer to share in their management cost. 

As your portfolio grows you may want to hire a PM anyways to free you up to continue finding more properties.You have a lot of choices and a lot of studying ahead, but it’s all good stuff!

Go to the property yourself or hire someone to visit and attempt to make contact.

I have an interview with someone for a loan processor position and one of my main concerns is getting hired on and not getting to the LO position fast enough.Do you think it’s wise to take a Loan Processor position (if offered) and then be promoted?

Ive only done a little research but from what I understand a Wikipedia page needs to have trustworthy 3rd party sources (I think I have those), it needs to be edited by multiple established editors (it's pretty cheap to hire people to do this), and the topic needs to be notable.

Consider hiring a mortgage broker.