In addition to the points others have made, I  buy with cash and self manage because:You obviously don't pay interest and origination fees, but you also aren't forced to buy property insurance, flood insurance, insurance, insurance.... you get my pointYou don't have to let a bank get all up in your business model, sign on endless fine print, and agree to pay them for decadesno one dictates what you need do or not do (possible exception - the IRS).A sole proprietor with an all cash position and self management.

You can get a solo 401K if you're a solo proprietor or partner with no employees.

If your trust is a revocable trust that doesn't have a TIN and doesn't file taxes and if your LLC is set up to be taxed as a sole proprietor and again doesn't file it's own tax return. 

I am just saying that an average young sole proprietor may not be good with accounting and doing their own taxes and if they have they cannot afford to hire a tax professional and have multiple bank accounts they may not add up everything correctly or put things 100% correctly into tax software.

@Marty Summers,  If the LLC is a single member LLC taxed as a sole proprietor then you and it are the same taxpayer anyway. 

Some information I've read implies that we would be considered a partnership, which may have drawbacks to one sole proprietor, and one of us more of a part time helper.

This includes the vast majority of residential landlords who own their rental property as sole proprietors (who individually own their properties), limited liability companies (LLCs), and partnerships.

The office of a sole proprietor must have a sign displayed outside which bears the office name exactly is it appears on the license.

Sorry, my mom is a Shakespeare buff and she would be proud :lol: So I was just about to go to the County Courthouse to file for an Assumed Name(DBA) but now I'm considering starting an LLC for multiple reasons and I'm curious as to what your opinions are.A little about me:I have not yet done a dealI have been studying for some time and I'm ready to get startedI have every intention of doing this full-time but I will not quit my day job until it's a realistic possibility(1-3 years)My only assets are my house which is homesteaded and a car with 100,000 miles and serious hail damage so I'm not concerned with asset protection at this pointI am interested in wholesaling/rehabbing(rentals in the near future)I have $10K-$20K startup capital I will be using Hard Money for my first several rehabsI have excellent credit (771)I am now thinking about starting an LLC in Texas(one-time $300 filing fee)for my rehabs because I want to build up business credit and season my company so I figure I might as well start now.Once I acquire rentals I will definitely setup an LLC but that is not an issue yet.Given the information, should I form an LLC or just do my first few deals as a sole proprietor and then get my LLC?

The banker is not a sole proprietor, he has a boss, who has a boss etc.