Multi Family Partnership Proposal

[Robert M.]

I have a handful of potential high income investors who are interested in partnering in Multi Family deals.  None of the potential investors have Real Estate experience and I want to put together a proposal to show them the financial benefits of RE investing.  

If we were to partner in a MF property how should I structure the partnership. An LLC, whereas each member is a % owner based on capital contribution?

I would manage the operations so what if we all contributed equal capital how much more should my % before management?