If both are single member LLCs that elect to be taxed as sole proprietors and do not file a tax return then they are disregarded and you could sell as 123 elm and buy as 456 Oak. 

I'm not into Sub2.In MN when using the SOS "fast-file" online system to form a LLC it states, CLEARLY but often missed by people, Single member LLC's are a disregarded entity and legally held as sole proprietor for all legal purposes.

In a community property state, a husband/wife LLC that elects to be taxed as a sole proprietor will not file  a tax return. 

A disregarded LLC is a single-member LLC (or husband/wife LLC in a community property state) that elects to be taxed as a sole proprietor. 

@Daniel VikhtinskiYes, opening accounts as a sole proprietor is fine it will help you get and stay organized. 

I am betting there is a lot of people happy to pay $100/$200 to do such, happy to be in a group, to go over the basics like *sole proprietor, LLC or S-corp for landlords, what is best for tax's and why.

My husband and I are sole proprietors on St.

Since that flip, I have completed a BRRR & have a 5-plex under contract as a sole proprietor.

Hi all,I use a PM who is a sole proprietor LLC who I paid more than $600 to in 2023.

@Devante Scholfield assuming you operated as a sole proprietor or through a disregarded entity for tax purposes (e.g.