Well despite the months of brainstorming and flip flopping back and forth I think Im going to go with;

1 human paladin
1 dwarf priest
2 gnome mages
1 gnome Warlock

Thanks for all ur insight and if it wasn't for these forums I'd be lost.

My next question for you expertise is professions. Im guessing engineering on all of them. Gathering probly wouldn't work as you can only gather from one node on one toon right? Skinning might be useful but ×5 is overkill, so I'll have that on 1 toon. Blacksmithing for the pally. Tailoring and enchanting for the mages. That leaves 1 maybe 2 spots open if I decide to go with skinning.

I hear alchemy is good for gold. Inscription I have no idea.

So I guess my question is should I go for gathering professions and skinning or just buy stuff on the ah and go for crafting? I have no idea about the economy in this game.