I think you got it right. Key phrase 

1. "Filing requirements for an LLC partnership... An LLC partnership is considered a pass-through entity and must file an informational partnership tax return on Form 1065 unless it did not receive any income during the year AND did not have any expenses that it will claim as deductions or credits".

I would also ask, how is the ownership recorded with the county? Will each member/partner contribute money to pay utilities, insurance, taxes, etc? Will it ever be occasionally loaned out to friends?