What entity is best for Buy&Hold with siblings as partners

[Christopher Hand]

My two brothers and I will be inheriting close to 1m and and with them being younger (27 and 22) they want to invest this money since they don't have many uses for such a large sum of money now. We are looking at investing a large portion (750-800K) of this in buy and hold properties focusing on cash flow. Currently my middle brother and I own a SFR in Las Vegas jointly and I personally own a duplex and my primary residence with my wife.

I am getting a little overwhelmed as to which type of entity we should setup for this partnership. Should this be a LLC, LP, or FLP? We also might be looking at putting part of the investment into some performing notes as well. Any feedback or questions to pose to a CPA would be of great help.

Also any recommendations for a cpa in the east bay area would be good.

Thanks in advance