Partnership financing

[Kristopher Pruitt]

I'm trying to put together a small investor group of friends for a small multi family buy and hold in Sacramento. Due to the higher costs to get started here we will be using our collective funds for the down payment (25%) and closing cost and using a conventional loan to fund the rest. We all have stable, high paying jobs. My question is how do we go about structuring the financing and title? Would we put each individual on the loan and count each persons income and debts? Same for the title. Would it be better to just create a new llc and use that for everything? Any help is greatly appreciated. Kris