Advice on structuring 4-plex partnership

[Craig Bellot]

Myself and my wife are looking to invest with a partner on a 190k 4plex deal in Connecticut. He is putting up 30k and we are putting up the rest for the down payment and closing costs.

I'm wondering what's the best way to structure this? Do we form an LLC and hunt for a lender in Connecticut to fund the LLC loan? Or do we just get a conventional loan in my name and have an agreement with our partner?

I already have a 4 plex and triplex in my name and our partner has his home under his name.

Thanks.