Best way to partner with friends in deals
We would like to go into deals with one of our good friends
One would be buy and hold/rent.
One would be flip.
It will be first time for me to partnering with others. Since there will be tax/ capital gain issues, it seems more complicated than I think.
What is the most simple, ideal way to go about?
Do we all put both of our name in deed or not?
Do we have to open up LLC?