Partnership not on paper

[Alex Shaughnessy]

Hopefully I explain this clearly, here goes....

My friend and I want to buy a property. I have found a good turnkey company where it appears to make sense. We dont need both of our names on a bank loan to qualify and given that most banks allow only 10 loans at once, I would think doing one in mine and then one in his will be more beneficial. My question is, (and before the scolding comes from doing business w/ friends), if his name is on the loan, and we are not forming a legal entity, would the easiest way to go about this be putting both of our names on title?(if that's a thing), and just having a joint bank account where the property is handled w/ both of us having access?

This is just bare basics. obviously I am still looking into best legal structures but I just wanted some advice for the inner workings for partnership not on paper. hopefully it was clear enough. thank you