New member - Great opportunity

[Jon Petters]

Hey guys,

I'm 26 and a new investor. This is my first day in the community.

I have found a good investment opportunity, but would like some advice on the best way to structure the deal. The property is an 11 bedroom 4-plex in the city I went to college I can guarantee to rent out for $4400 per month. Asking price is $397,000.

The problem is my wife and I just purchased our first home, so we have no money left for a downpayment.

I have a potential investor, but want to know the best way to structure the deal. He would basically be providing all the money for the downpayment. I brought the deal to the table, will do all the property management, and can guarantee the rent.

What's the best way to pitch this to the investor, insuring I get the most returns from the investment? Also should I open a LLC?

Thanks in advance and I look forward to the responses.