Insights in other's BRRR model with investors

[Gina Shumway]

I have decided to switch the the BRRR model. I have 2 investors who plan to do this with me for a minimum of 5 years. I have some questions how others have done this with the following:

Do I create an LLC to outline who owns what percentage of each house?

If I do, I have been told by lenders I cannot get a conventional cash out loan using an LLC. How have others done this?

Taxes: If I don't create an LLC, how do I make sure that I'm not paying taxes on the percentages owned by my investor?

For example: I own 60%, investors own 20% each. I don't want to pay 100% of the taxes owed on each property.

OF course I plan to consult with my attorney and accountant, I just wanted to see what those who employ the BRRR method do.

Thank you!!