-THE FOLLOWING IS NOT LEGAL ADVICE; IT IS JUST OPINION-
Well, for starters you'd need a good paydex score and your fico score would be irrelevant unless there was a personal guarantee.
If the title was only held in the LLC, if someone triped and broke their neck on your property then they could not sue you and your assets, just the Limited Liability Company and THEIR assets.
An LLC taxed like a corporation but has some of the benefits that a sole proprietorship has and some it doesn't. You can also register in ANY state you wish regardless of where you're located. Some people who live in New York might register in Nevada because of the legal advantages or others might register in Oregon because of the low price to file ($50, ha ha!).
But if I were you, I'd do your own hard work to research it, hire an attorney and pay them well. And if you don't have money to pay an attorney then itemize the cost of an attorney in your business plan and submit the business plan to a lender so that you can get a loan to pay for the attorney and just pay of the loan with the profits from your business operation.
AGAIN, THIS WAS NOT LEGAL ADVICE.
Best of luck to you Peter!
Hey,... Didn't I just answer one of your questions about finding a "co investor"??? ha ha!