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

I'm working to get my personal finances well established/understood, which I think will help me determine my best path forward.

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.

No matter where you choose to move, you are perfectly set up (if the money works) to house hack with your wife in one unit of a two-family and then to mid-term rent the other unit because of your medical connections.

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. 

view=publicIt's a 3 bed 2 bath house, almost 100 years old, and the seller made a bunch of updates to the house (fixed roofing, foundation, re-ran electrical wiring, redid flooring, and interior paint) prior to me moving in.So far, I've added a dishwasher to the place, and here are my thoughts as far as other "value adds" go, but I don't want to invest the money if you guys and gals don't think there's much opportunity for a return on it...

Personally I think $1.05 is not a smart listing price.

Hello everyone in BiggerPockets,I have been listening to many episodes of the BiggerPockets on how to invest my money in the Real Estate world in the past 3 months.

However, as you stated, Memphis can vary significantly by street, so I recommend visiting the area personally and observe the specific streets and surroundings, or doing a zoom call with a trusted realtor who has physically been there. 

Private money lenders, search on Facebook groups and meetups and they can fund it but interest would be around 12 percent though and they may look for collateral