Creating a company: LLC or other alternative?

[Scott C.]

I have been investing in real estate for the last six months. Now that we are about acquire our third property, I think its time to formally create a company to operate the business under. I am confused on the best way to go. My first thought was to open an LLC for the protection and ease of setup but doing a little research on the forum that may make it harder to get financing on future deals. Is that corrrect?

I have also thought of just doing a joint partnership company with my wife and I. We already have an umbrella policy in place for some protection from lawsuits and etc... but I want to make sure we are protected the best we can.

I'm real confused about the best way to go so any guidance from you long term pros out there would be greatly appreciated.

Thanks,

Scott