Financing through LLC Advice Needed

[Clint Koehn]

I'm still just getting started and wanting to grow quickly. I have a partner that I'm aligning with to get to double digit properties as quickly as possible and we want to operate through an LLC. The only issue I am having is he wants to go in all cash and I want to finance purchases. Two main questions here.

1. Is there any way that we could set this up so that each of us could fund differently under one LLC?

2. How could rents be split to fairly to allow me to pay my loan and he keep his returns? I assume just 50/50, pay overhead, then pay loan out of my portion?  So probably two different accounts it would have to funnel to?

P.S. I'm  actually working on getting him to just finance with me so he can use interest payments to further offset gains but curious if any savvy investors out there have done this before moving forward.

Thanks,
Clint