Just informed our tenants of 6 years are moving the end of the month and trying figure out listings and pricing from over 1000 miles away.

That means have a list of every question you have ever had and ask until he tells you he's out of time.

I was thinking doing a promissory note which could work for now but eventually I would like to have more 'Funding partners' Also I'm thinking proposing they put 100% of the cash, I put knowledge and skills and my time I would not charge anything to list and market the property and we go 50/50 on the NET profit.

I can send you a list of reasonably priced properties in the Bronx as well as the contact information for a great mortgage broker.

You can just list what you use, and I can do the rest of the research on the formulas, and how to use them myself.

What marketing materials, if any, does the broker provide for listings?

Generally all Bank Foreclosures will be listed by a Real Estate Agent. 

That is, unless the seller is also a client that they have a listing with for the property.

Maybe make some cosmetic updates and list is for rent closer to 600-800 if you think the market will support it.

Latest report from Inman lists top 10 and worst 10 cities for residential investments.