LLCs also can be disregarded entities if they have only one member and have elected to be taxed as a sole proprietor.  

Hi Zlata Ishk,When deciding between creating an LLC or operating as a Sole Proprietor for real estate investment, there are several factors to consider:LLC (Limited Liability Company):*An LLC is a type of business entity that allows you to buy, sell, and rent out real estate separate from yourself as an individual.

This works for us, because the properties we own and operate as sole proprietors.

Working capital (day to day funds to live on in a checking account): 10%Emergency fund (min. 3 months expenses in a high yield savings account): 20%Tax payment reserve (due to being a sole proprietor without W2 withholding): 30%Estate planning (estimate): 6%Business insurance (estimate): 2%Individual brokerage account: 32% (12% stocks, 20% mutual funds/ETFs)[i] https://www.bls.gov/news.release/pdf/cpi.pdf[ii] https://capital.com/us-inflation-rate[iii] https://www.strongtowns.org/journal/2022/11/30/christmas-cookie-inflation-index-2022-update[iv] https://www.financialsamurai.com/how-to-become-a-better-good-enough-investor/[v] https://www.bankrate.com/banking/savings/best-high-yield-interests-savings-accounts/[vi] https://www.nerdwallet.com/best/banking/cd-rates[vii] https://seekingalpha.com/instablog/47644028-jussi-askola/5488523-best-reit-investment-strategy[viii]https://buffalonews.com/news/local/what-we-know-about-the-people-who-died-in-buffalo-niagaras-blizzard/article_98a32b72-87aa-11ed-985e-4beeb22a08f1.html

I have read everything from a trust that owns a holding company that owns an LLC for each property to just owning everything as a sole proprietor.

My main question is I own this as a sole proprietor.

You will be considered a sole proprietor by the IRS.

HELOC or Cashout refi could workAre you sole proprietors of the LLCs?

The IRS allows the LLC to be taxed as a corporation, partnership or sole proprietor, depending on elections made by the LLC and the number of members.

Jennifer for tax purposes there are no real advantages to having a single member LLC vs. being a sole proprietor when it comes to owning investment properties.