To deal with any problems and safeguard your investment, create backup plans and risk-reduction techniques.

Seeking advice on how to formalize an agreement with a partner to flip a house together and how to hold title assuming that we would not be creating an LLC until after a "trial period".

I think it can also create some conflicts of interest. 

In some markets maps have been created for class types but be cautious if it's out dated.

What transaction would you create?

Not all STR's are created equal Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Florida's scheme essentially "creates" privity between property owners and vendors through the required notices. 

That said, I create LLC's in a couple of minutes online for $100 (did one today, actually!)

Determine your investment criteria based on your objectives, risk tolerance, target market, property type, cash flow needs, and desired returns.Gather a solid team of experts such as real estate agents, lenders, attorneys, contractors, property managers, and accountants to assist you on your real estate journey.

Where real estate can assist compared to most other investments is you can leverage real estate.