Quote from @Christopher Davis: It's important to understand the court will not award you compensation for your personal time.

Since you have 6 months to complete this process (this allows time for rehab, if desired), of course the interest rate may fluctuate a little bit, depending on market conditions, but there is not an intrinsic "1-2% higher" that I'm aware of.

Talk to the person who sold you the deal initially to see if they have a recommendation for a lender (local bank, credit union, DSCR guy, or Hard Money).   

I have a vacant house a couple doors down from my personal home, in Texas.

I just need a go-to person momentarily….Thanks, coachable newbie 

To get the full effect of how I first saw it, I'm going to have to ask you to imagine a raccoon sitting up on top of the bed.If it were mine I would curb appeal this place to make it desirable to a new buyer, and just leave some meat on the bone so they say, as far as the interior and the upgrades.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Lenders will need to make sure the property can debt service at 1.25 or higher using all property expenses, property income, and depending on the bank, your personal income and personal debt. 

As for the persons you said you would send an application, you may have to just be honest and let them know that since they have pets, you are not going to send an application because you have decided not to permit pets.

Partnership B will be 10% Person A, 10% Person B, 80% Partnership A.