Investing with multiple partners under an LLC

[Anmmar Alsaggaf]

Case: 

So what I have 4 partners with 25K for a total of 125K on a single family home we are looking at that rents for $1500. How do we structure a contract or deal so that all revenue/profits/expenses/taxes are split evenly. Also if someone wants to buy out can I just set it at the buy in price. So if you bought your share for 25K and decide to sell in 1 year or 5 you can only sell at the 25K initially invested (to entice the members to stay in longer). These are people I trust but we still want to lay out all the rules.