Starting a LLC with your friends

[Nathan Bell]

I am wondering on a how to go about starting an Llc with two friends. We are looking at a deal. Where one of us would need to live in the house for a year. How much rent would that person pay ? 100% of Mortgage ? 80 % market rate plus 1/3 ? How do we keep all the sweat equity and money spent even and keep track of it. Thanks