Partnerships and LLCs

[Nick Bandiera]

Hi all, 

I am a new investor gearing up to make my first investment in a multifamily home that I plan to rent out for cash flow. My long term plan is to form an LLC with some friends where we can work on building up the # of properties we own with the hopes of turning this into a business/full time.

Can someone point me in the right direction in terms of the following: 

1. How would partnerships/LLC work when acquiring property?

2. What are the pros and cons of going this route with other investors?

3. How does one get started? 

4. Any BP episodes, books, resources you recommend? 

5. Any personal experience you can share (in the forum or directly?)

Thank you!