New partnership need advice.

[Michael Lewis]

Hello all. Ok so looking for advice on how to proceed from here. I have gotten 2 partners to join me. I have a main house and 1 rental one of the partners the same and the third has no houses. We have 50k cash and another 40k in credit lines available to do rehab etc. the 2 rentals houses sent part of the deal currently but could be added into the mix at a later time. My question is should we start an llc to buy our first sfh which we would rehab then refinance and use the money to find a similar deal or use to do down payments for 2-3 more houses. Should we forgo an llc for now and purchase the first house under the partner with no houses? I don't want to put under my name as I'm getting close to finishing the main house I live in and refinancing it and turning into a rental as I purchase another one desperate from this partnership.