Help with Structuring a LLC or partnership

[Savana Rose]

I'm interested in knowing more about what kinds of structures some of you have for your businesses and whether it might work for me. (I will be seeking an attorneys advice as well) But before I do that, I want to get an idea of how others are setting up their biz entity.

I have a business partner and we will be equal partners. We will have an investor(s) who will put up cash for buying properties. We'll be doing flips and possibly buy & hold rentals. My partner and I will find the properties, put them into contract, supervise all renovations and work with the selling agent, or become the property manager in the buy/hold scenario. We will split profits with our investor(s), but we'll manage everything. I think we need some kind of LLC or Corp to be the umbrella for this operation.

Any examples out there of a similar business set up or what you've seen work for something like this? Advice?

Thanks!
Savana