Going in with partners LLC

[Ben Lockspeiser]

Hey BP community I'm with 7 other friends/investors that want to go in on property in the New York City, westchester, lower Hudson valley area. We will all be putting in an equal amount and looking to buy a multi family, ideally 5-10 unit building or open to commercial. Investors are 2 active doing management and 6 passive. We were debating an LLC vs. Corp, I've been leaning towards an LLC because it's simpler. We are also going to have a lawyer draw up a contract for buy in/out work done by investors businesses, etc. Our long term goal is to buy and hold multiple properties Any tips suggestions or steps forward we should take? The people involved are all handy either an electrician, carpenter, etc.