Joint investing through LLC - seeking advice

[David Boley]

Greetings, BP! After years of analysis paralysis, I am coming back around to real estate investing. To acquire more properties in less time, my nephew and I are thinking of forming an LLC together and pooling our money to purchase properties to rent out.

Any advice on:

* Forming an LLC (specifically in Minnesota)?

* Going into business with a family member?

* Cashflow distribution with business partner?

* Saving for CAPEX and other costs?

Thank you!