Partnership Investing? ... pros and cons

[Brandon Shoults]

I'm ready to invest in some small multi-family units with two of my brothers. We have been discussing the upside potential of shared initial investment costs. We have discussed less about the potential pitfalls and headaches of partnerships in general. The dynamic of family partnerships have potential to be dicey also. I'd like to think that my brothers and I are reasonable and would be able to work out potential issues along the way, but things always come up in partnerships. I'd like to create a solid structure and written business plan to avoid any miscommunication or unmet expectations of one another.

any tips, book recs, or learning experience stories would be great to hear. 

Thanks!