Best Syndication Structure?

[Zander Kempf]

I have a couple of investors looking for long term residential rental investing and I would like to syndicate a handful of properties. I am struggling with a way to come up with the best structure for the deals so that multiple investors can be involved while one of them backs the mortgage. These are non-accredited, friends and family investors. What structures have worked well for you in the past? (LLC, LLP, preferred returns to mortgage backer, amount of equity for syndicator to keep etc.)