You can in fact buy real estate, do flips, wholesale deals, etc...as a sole proprietor.

I'm a sole proprietor at the moment and I've always had the mindset of working for myself and investing in something so that I can have an extra income vehicle.

So that leaves individuals LLCs LLPs and sole proprietors.  

What made you decide that route as opposed to setting up as a sole proprietor?

The percentage depends upon if you are a sole proprietor or operating as a corporation.

I understand the liability differences related to being sole proprietor, LLC, corp, partnership, etc.

Especially agents- do some have nothing better to do than apparently target individual resident proprietors (rather than property managers, landlords, etc who are likely more family with tenant laws)??

Since the taxing will pass through to my personal income thus the same as sole proprietor and I will have to pay SE taxes anyway, so there is really no tax benefit.

Easy2) Corporation Filing - This is if there are multiple members in the LLC, and the disadvantage is that the person will get tax twice. 3) Sole Proprietor"the IRS disregards the LLC entity as being separate and distinct from the owner.

@Ernest Quallis I will add that you would receive the same tax benefits regardless of llc or sole proprietor.