Does the LLC have to already have previous credit history and a proven track record or can it be completely new?

This would be a minimum if you want your spreadsheet to match your experience.We tracked our clients for some years on over a hundred rentals and generally they achieved 78% of what their spreadsheets said they should.   

CallRail to track calls and which list they come from.

I think you are on the right track.

Here is another one to check out for tracking all your expenses.https://www.biggerpockets.com/files/user/JimA732/file/rental-expenses-report

From a fire at a nearby property and resulting damaage to The Shelby", to delays in fire damage repairs due to Covid 19 restrictions, to renters not paying rent due to Covid 19, to an approx. 20% vacancy rate, to insufficient reserve funds, to an obvious lack business loss insurance - Passco continues to underperformance on every statement they made at their seminar - from the safety of the investment based on their previous track record, to the expected annual distrubution amounts paid out.

Professionals with decades of experience and very impressive track records do all the heavy lifting for you.

My question is can I set up a new LLC and still secure a commercial loan or does the LLC have to already have a proven track record and established credit history?

My question is can I set up a new LLC and still secure a commercial loan or does the LLC have to already have a proven track record and established credit history?

If the ground rent holder can not be tracked down then the title company would hold in escrow 3 years with of GR payments and $750 as a general rule of thumb.