RE Syndication Deals/Funds

[Sagar Vijapura]

We are starting to invest passively in to RE syndication deals as limited partners. Would would be the deal way to take interest in our ownership share? We live in Florida.

Is there any added benefit to created a multi member LLC (50% husband, 50% wife) vs. taking ownership as Husband and Wife (tenants by the entirety)? The cost of LLC creation ($125) and maintenance (state filing, CPA partnership return fees ~$500) should be considered into the equation as well.

We are both physicians to asset protection is important.