Financing advice for first-time co-investors?

[John Mullen]

Hi all, 

I'm a first-time investor looking for rental properties (BRRR/buy-and-hold) in Columbus, OH. My business partner and I are seeking the best way to apply for conventional loans on future investment properties. My understanding is that lenders typically just examine one applicant's finances when determining whether to approve loans. We considered forming an LLC and sharing capital that way, but we know that lenders prefer to loan to individuals rather than LLCs with no income. I know we're not the first people to need to get around this roadblock. Anyone have good advice on this topic? And if I'm laboring under any false assumptions in my statements, please correct me.