Before that, I operated as a sole-proprietor since it was a part time business for me (Real estate investing being the full time venture).

I have opened a Sole Proprietor business bank account for the business. 2) When I opened the Sole Proprietor business bank account, I transferred several thousand dollars from my personal bank account into the business account to have money available if I found a good deal.

An LLC can be taxed in the exact same fashion as an S-Corp, C-Corp, Sole Proprietor, Partnership, etc.

I have no interest in filing for LLC and doing all the additional reporting and legwork that requires so my plan was just to list myself as a sole proprietor, since my wife is/will not be involved in running any rental properties we acquire. 

So, interesting fact.. my attorney does workshops and educates business owners about the difference between LLC/Corporations/Sole Proprietor and she was saying that when you set up a company you need enough capital to start and you need to maintain capital or that it can appear that it is a "skeleton" account and not a real business account.

Schedule C if you a sole proprietor) & you do not have any w-2 employees working for your self-employed business or otherwise.2.

I'm not sure that there is a truly anonymous LLC in the US.I have not done the research for Jerz, but the typical LLC set up would be - set up LLC with registered agent - apply for EIN number for new LLC - get bank account using new EIN numberIf you make no other tax elections after the LLC then you will be a sole-proprietor.

Now, this is PER PROPERTY, not cumulative of all properties.Secondly, doing things like including your personal residence shows that you are operating as a sole-proprietor.

@Steven Hamilton II,I have continued my research and stumbled upon something called a Checkbook Control Solo 401k.https://www.google.com/amp/s/www.forbes.com/sites/greatspeculations/2011/07/15/think-about-going-solo-in-your-401k/amp/https://en.m.wikipedia.org/wiki/Solo_401(k)It seems that as a sole proprietor without any employees, I can create a Solo 401k.

I am a therapist and have a sole proprietor practice and put my funds into a SEP IRA, a portion of which funded my SDIRA many years ago...