They do not want to continue holding the property so this could be a good chance for me to get my feet wet with creative financing.  

IF the note is performing there is a good chance that part of the credit is worthy.... if its not performing,,, well that's another game!

If you do, you’ll have a very strong chance of winning the Noble Prize in Economics. :) Here’s what I would say: figure out why exactly you need a property manager and whether you are willing to pay the amount of money that you do for such services.

There were 12000 - 15000 people and yes even though it was pitchy I ran into so many investor friends and we had a chance to catch up which was great.

Also, their is a good chance that he/she would not be interested in a house that needs extensive work, where a flipper who is doing everything new would not care about extensive work.  

Chances are you for tax and legal reasons you are going to be looking at an LLC if you are doing buy and hold.  

On one hand, i don't want to waste anyones time if there is no chance of owner financing, but i feel the latter has a better chance of getting an owner financing deal.  

Than the seller cannot convey clear title and they will have to go through a suit to quit the title just to get you off title (Chances are they wont even know how to do that) In this case, you are causing a problem without meaning to. 

Any chance of finding some deals in this area?

@Matthew Hamilton you are still young so while everyone is correct that having less than 2 years in a field will hurt your chances of getting a conventional loan I would never tell someone to stay at a job that makes them miserable.