New LLC for first STR property. How should it be set up?

[Michael DeCicco]

I have 1 other post that explains my situation where I am the loan borrower and take on all the financial liability but am in business with 3 others who are on the home Title. 

2 of the 3 others couldn't get approved for the loan so I took it on myself so that we could get the house.

I'm wondering what would the preferred setup method should have been. A new LLC with no business income/credit history. How would you have gone into business in this scenario?

[Shiela R.]

@Michael DeCicco hello :)  What do these other partners bring to the table, since you have leveraged your own credit?  In other words, how or why are they good partners?  This will help me understand and suggest a fair partnership agreement...