Best way to partner with friends in deals

[Jenna Walker]

We would like to go into deals with one of our good friends

One would be buy and hold/rent.

One would be flip.

It will be first time for me to partnering with others. Since there will be tax/ capital gain issues, it seems more complicated than I think.

What is the most simple, ideal way to go about?

Do we all put both of our name in deed or not?

Do we have to open up LLC?