Investment Property Ownership and LLC question.

[Kurt Pomrenke]

Hello- I have a partner that we found a investment vacation rental that we put an offer in. They already own a property, I do not. We eventually want to create a LLC. My partners suggested that to appeal to the sellers- they make the offer and have the whole mortgage in their name instead of multiple persons.. I would be 50% rental owner agreement written up with a CPA. I know without my name on the house there is no tax benefits- but what is a positive to this situation. I was thinking of letting them buy the house, refinance under our created LLC so I would be complete partner. Any help is much appreciated.