LLC Partnership or Corporation structure

[Gurpy Ont]

Hello BP members,

We (two partners) are planning to purchase a cash flowing rental property under an LLC. From what I understand, LLC can be elected to be treated as

1. disregarded entity/partnership for pass through, or

2. corporation

If the intend is to paydown the loan with leftover cash after taxes, which of these two structures will be better. The property will be in GA.