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?