Partnership

[Pete Tam]

I'm planning to invest in real estate with my friend. We are not sure how do we proceed further with loan, rent payment, etc.. I've following questions and need your expert guidance:

1. We would like to get separate loan and make payment for individual loan.
2. How can we distribute the rent we get from the investment property.
3. Should we open LLC? If yes, what are the benefits!
4. Property title transfer on both of us name or LLC is a good option.

If you know some other question/answers too, pls add to my list...

Thanks for your help in advance.