Operating agreement for 3 way LLC

[Jeff Piscioniere]

Hello everyone! Myself and 2 partners are getting close to purchasing our first property together and we will first need to form our LLC. It's pretty simple, 3 ways equally. We would like some input on the types of terms and parameters to include in the operating agreement. We are planning on discussing this with an attorney but would love some feedback from the real estate investment community. We are 3 guys in our early to mid 40's with very similar life situations: married, several kids, middle to upper middle class incomes doing real estate investment on the side starting with what might be a single family rental progressing to multi-family and hopefully eventually apartment complexes. Additionally, what types of fees might we expect to incur from an attorney to complete this process? We are in the state of Connecticut.

Thank you in advance!

Jeff