Multi fam, multi investor deal structure: help

[Kunal Kapur]

Hi all! I'd like to make my first multi-fam purchase with $0 of my personal money (or very low $$'s, percentage-wise). I live in NJ, particularly in an area where multi families are expensive (2-3 unit "building", which is more like a house converted to multiple units, starting at $750k). Most of these are also run-down, so they need some TLC, which I have no experience with. That said, I think I can muster up investors to help close my first deal. Does anyone have tips on how best to structure, let's say, a $1mm multi fam property (assume 3-4 units) with multiple investors? The loan would likely be under mine and my wife's name, but I'm assuming the entire down payment will be from investors. summary of figures to work with: $1mm property $700-$825k mortgage under my name $125-$300k down payment by investors only 3-4 units netting 5-8% of cashflow some questions I have: 1. how do I legally structure this ownership/equity in the property? 2. is it reasonable for me to ask for a "fee" for structuring the deal and taking the loan under my name, personally? 3. how would you manage monthly cash flow to each investor? would i just split the rental income based on equity ownership (so if you have 30% equity, you'll get 30% of rent each month)? 4. I'm sure there's so much more to do this that I'm missing but hopefully this gets the conversation started for now. by the way, I'm very serious about making all of the above work and so if you're in the area and want to chat further, I'd love to.