Entity Creation to LP in Syndication Deals

[Doug Spence]

BP Fam, my business partner and I want to start investing in syndications with operators we want to potentially work with in the future. We want to create a 50/50 entity and invest in syndications using that entity as the LP. We plan to be a fly on the wall for a lot of the GP meetings (with prior approval of course) so we can soak up knowledge and provide value where we can. 

Has anyone created an entity for this purpose? Any advice is welcome. Thank you!