Partnership in a Flipping business. Same LLC, or separate ones?

[Caleb Ray]

My brother and I are wanting to get into flipping houses. We want to go in together on a deal, but we hear an LLC is a good idea. After hours of research, I am lost. We both have different amount of capital, and different skills. We want to make the agreement on profit a "per project" basis incase one of us has less money/time to invest in the remodel.

Should we both acquire separate LLC's and work together so we can set the terms on a project basis, or can we share the LLC and work that out there?