Sibling Partnership and Seperate Property

[Matt Eade]

Hello. My sibling and I are about to inherit property from our father's estate. We are both inheriting a 12 unit apartment building and each of us is receiving an additional separate property, one is a single family home and the other is a duplex. There is no inheritance tax given the value of the estate. The property is in NY state. Sibling lives in NY. I live in California. It seems like an LLC partnership would be the way to go for the apartment building. Would people recommend that we set up separate LLCs for our individual properties? Am I correct to assume since the properties are in NY the LLC would need to be set up in NY as well? Also wondering if anyone is aware of the tax implications for residing in California and owning property in NY.