Partnerships in Midwest

[Douglas Rice]

Question for the group. Here is the scenario. Three persons want to invest together and start a buy and hold portfolio. How should they structure the LLC? Person 1 - real estate agent in market, will source the deals, contract, rehab and rent. Possible management. very limIted $$$ Person 2 - great w2 job and tons of cash. Wants to be silent. Person 3 - great w2 job. Active Investor, wants to be active Partner. Has cash to contRIBITE Looking for thoughts from the group.