4 partners planning to buy multifamily home with FHA loan.

[Stephen Mwangi]

We are 4 partners planning to buy multifamily home with FHA loan 3.5% down payment. We cannot afford to put down more than the 3.5%. We do not have an LLC. Should we get one?. If not how can we protect our investments if one of us partner possibly experiences a financial breakdown? We do not want to lose our investment. I will appreciate your help/advice. Thank you.