if both disregarded entities, you're in tough spot.

The key is that they are both disregarded entities owned by the same person or entity.

So regardless, the tax on the profit /loss with be determined on your tax return.If you have a single member LLC, it’s considered a disregarded entity for federal tax purposes so your flip business goes on your 1040 return via SchC.

And you're right there as well - if your LLC is a disregarded entity meaning it only has one member and does not file it's own tax return then you and the LLC are the same taxpayer.

@Fady RiadIf you haven a LLC where you are the only member, the LLC is treated as a "disregarded entity" and all the activity gets reported on your individual return.You are also incorrect in not being able to take expenses if they are not in your LLC.

The lenders I've used disregard DTI and personal income verification.

If it's a single member LLC, it's what called a disregarded entity and it just goes onto to Schedule E.

If the LLC you form to take title is a single member LLC that elects to be taxed as a sole proprietor then it is what is called a disregarded entity. 

-----------------------------------((OPTIONAL READ)) ADDITIONAL INFOSo far in my analysis, I am collecting the following data:- Net migration (at the state level) over the past 10 years & 1 year- Median sale price (redfin)- Value appreciation over the past 5 years and 1 year (redfin)- Average rent (rentcafe)- Rent to price ratio - Income tax- Job growth and industry trends (haven't found a good source to gather data yet - just reading high-level articles for now) - Average rent growth (if someone has a good source for this please share as I haven't found one yet)- Cost of living index (numbeo)- Quality of life index (though investing is my main priority now, I am still looking at quality of life a bit) If any of the folks making suggestions here stand to benefit financially from you, just disregard what they have to say.

Sole proprietors (Schedule C) and disregarded single-members LLCs have May 17th deadline, which is the new deadline after the IRS extended the traditional April 15th deadline.