If so can I be on the deed as an individual and he as an LLC?

Usually you will pay for insurance on individual properties, and yes your liability and fire policy should be much cheaper than a homeowner's policy which is used for people occupying the home.

It has high valued comps and there seems to be a great potential for a good ROI.The goal for me (and many others I assume) is to lower my monthly expenses while generating as much passive cash flow as possible.

If we split costs 50/50 for everything, how do we factor that in to our taxes since each individual will have a loan in their name but the costs and profits are split?

I have been searching for a system to automate generating leads for wholesaling. 

Don't let the how do I live richly while I go thought get in your way of building multi generational wealth.

My understanding of the law is that if it's not separately metered, you can't legally charge tenants individually for it.

My goal is to generate $6,000 a month in cash flow in 10 years so I could have the option of quitting my job if I wanted to. 

(our lender was unsure of how lending to LLC works)2) When making an offer on a property, is the offer in our names as individuals or in the LLC?

It might have some residual business.Becoming and expert and marketing yourself to fill your pipeline is what tends to generate leads but you still have to have the knowledge and skills to close the sale.