Partnership in LLC
I have 2 properties in a series LLC (both in different child LLCs, none in the parent LLC), I'm looking to add a 3rd property in its own series LLC, but I will be partnering with my brother on this property only as a 60/40 shared investment. Is it possible to do this without setting up a separate entity? Would it be better to have him as a lender of the down payment rather than as a part owner of the property?