Have investor pay into LLC or directly company directly?

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Hi everyone, 

I basically have a friend paying for an investment property which we will flip and then share the profit. My question is - do i have him pay into the LLC and then pay the title company from the LLC? Or do I have them pay the title company directly from his bank account?

*side note i will be paying repairs

*also if you know will you please let me know if i am supposed to issue a 1099 at the end of it all

Best, 

-John