LLC Partnership Question

[Gallagher Wilson]

Planning to partner with a friend on a flip this fall, try it out and probably do more, assuming it doesn't eat us alive. Plan is to form an LLC with us as 50/50 partners under a partnership agreement. Our plan is to only take minimal disbursements from the LLC until its built up a healthy warchest. The LLC looks like the best choice due to passthru taxation and flexibility to operate as partnership. Anyone with thoughts on the topic? We'll be consulting a CPA before formation, but want to run the rough idea past experienced people to make sure I'm asking the right questions.