BRRRR with a friend: LLC or no?

[Joe Bourguignon]

So, I have a friend (the Money) who I want to start investing with in BRRRR SFH deals. I'm wondering what the upsides and downsides of forming an LLC together for investing are? Also, does anybody have investing partner contracts / paperwork? I'd like to see what other people are doing contract-wise so that I can come up with one that makes sense for us. Thanks so much in advance!

-joe