Down Payment Partnership Questions

[Jason Luongo]

I have friends and family that have asked me about investing in real estate because they have seen that I have done a few deals. I would like to scale my portfolio however, I need more CAPITAL! So I'm looking to get some 50/50 partnerships going, where they provide the down payment, and I do the rest. So i have some questions:

1. LLC is the best choice? or JV?
2. When attaining conventional financing, do we both have to be on the loan? Can it be just me or just my partner? and place the LLC on the title? Im a bit confused about this part
3. Is it hard to attain financing since the LLC doesn't show any income?
4. Are you splitting the cash flow after accounting for all reserves? cap ex etc?

What are some other things I need to be aware of when structuring this type of deal? Thanks in advance.