Four Rookies trying to make it big LLC or not to LLC

[Xavier Karikitan]

I'm one of four rookies who decided to pool our resources together and get into Real Estate Investing. We're a group of friends who trust each other and want to keep our friendship and business relationships intact. We're wondering if forming an LLC right off the bat is a good idea. We have some idea as to what the pitfalls are to not having one; but are also curious to what the advantages are.

Are there any groups out there that started in a similar fashion?

Any input is appreciated.