REI Family Partnership

[Tara Rose Iguidbashian]

Hi all,

I am planning on partnering with a family member to buy a multi-family property. We plan to create an LLC and joint checking account. From there, I'm wondering the best way to structure our partnership. We will both contribute financially and I will do the work of finding, analyzing, and brokering the deal. I have a great local property manager who will take care of that part. Does anyone have any best practices they can share about financing strategies or anything else for an investment group?

Thanks!