How to structure partnership and paperwork

[Jason Langford]

Looking to purchase my first real estate investment as a vacation home for financing purposes. It is in Florida and I am in Kansas. In order to mitigate risk I have three partners that will put in the same amount of money. Any suggestions on how to structure the partnership? I will, most likely, manage it with VRBO. Looking for easy paperwork to clarify expectations of the partnership. Thanks.

[Daniel Hyman]

This is an instance where it makes sense to loop in an attorney and a CPA to make sure that this is structured correctly. An attorney for the legal aspects and a CPA for the tax implications.