Real Estate Investing with a partner

[Jeff Schnoebelen]

I am a first time real estate investor living in Chicago, IL and wanting to buy a multi-family property in St. Louis, MO with a partner. I am originally from St. Louis and my partner lives there and he is also my cousin. I am wondering what the best business structure is for us as far as setting up an LLC or not. If possible, we want to keep our down payment to a minimum. Is it possible to get an FHA loan through an LLC? Also, would love some input on someone who has invested with a partner.