How to set up Real Estate Investment Business with 4 partners

[Matt Oehlsen]

I'm pooling my money with 3 friends, and setting up a real estate investment business. We're focusing on Buy, Rent and Hold. My question is: what's the best way to set up the 'business'? Do we buy properties individually and transfer them to an LLC? Our focus initially will be to accumulate as many properties as possible. Looking for advice from seasoned investors - how you structure with multiple investors.

If it helps, we'll mainly be operating in CT. 

Thanks!