Looking for general advice on a unique real estate investment situation.
3 friends looking to buy investment houses separately to give on rent but to hire the same property manager to save on property management costs. Investment houses will be in a different city than where the friends live.
2 questions:
(1)What are the tax implications if we formed a multimember LLC?
(2)Heard of an option of using money from IRA to buy investment properties tax free. Any one has any do or dont advice for this option?

Thanks.