help forming an investment stategy/LLC

[Lawrence Faith]

Hi all, First post here. 

I am in escrow on two vacant lots, have partnered with a trusted and experienced contractor and will build and sell two homes there. This is in Los Angeles, CA. I am new to this business and am confused as to how to best prepare for taxes on the profits from this and future sales. I've been advised variously - form an LLC, form an LLC for each property, form an S-Corp, merge LLC's with my partner to hold title etc etc. I've seen lawyer fees of over $3000 to start an LLC but also rock bottom online assistance to do the same thing. Any help or ideas would be much appreciated. I hope to be able to help others here (as soon as I feel even remotely qualified!)

Thanking you in advance.....