Structuring a Deal with a Partner

[Jason Quiles]

Hey BiggerPockets Family! I'm looking to purchase a multi-unit with a partner next year, but I'm unsure of the best way to go about financing / structuring the deal. He's got a credit score at least 50 points higher than I do, so I don't think it makes sense to weigh him down and get offered higher interest rates as a result. 

I've also heard forming an LLC is a smart idea because we'll be operating as business partners by splitting costs, and dividing income streams from the units. Curious if there are any resources around the forum for weighing the pros and cons of co-investing in investment properties. Oh one other piece - he's on the West Coast and I'm in Texas (local to the market we want to invest in). Looking forward to feedback and suggestions!

-Jason