@Michael Terry if you are the only member of the LLC then it is a "Disregarded Entity" in the IRS' eyes. in other words any income to the LLC is considered your own income. 

It all still gets reported on your own tax return since it would be a disregarded entity.

If you look and act way beyond your age then disregard what I just said. 

He is not one to disregard on this site.

Both my wife and I are dealing with student loan debt and while I do not disregard all of the advice about getting all your finances in order, missing out on key portfolio additions can interfere with long term income as well.

It can also be a single-member LLC (DRE=disregarded entity) reported on Sch C.

BP Forum,I’m purchasing a SFR property at an all-cash foreclosure auction through an LLC (single member, disregarded entity) with the intent of transferring this property to myself for use as a primary residence, and working to determine what type of financing solutions post-auction will be possible and most advantageous for cashing out/recouping cash while providing longer-term financing for the property.Below is a deal overview, goals for financing the property and pulling out/recouping cash from the initial all-cash purchase, contemplated scenarios, and questions I’m seeking answers to for this situation.

Most of what I've read seems to suggest that people either hold these properties themselves or under a pass-through single-member LLC structure (disregarded for tax purposes). 

This structure is scalable and files only 1 tax return because there is only 1 mmllc at the root and each property level llc is a disregarded entity of the parent. 

An S corp or a single member LLC can be treated as a disregarded entity on Schedule C of your personal return.