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. 

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.

Also I opened a business account for a sol proprietor up for this house.

I currently only make 70k a year as a sole proprietor with all my income in the form of commissions.Thanks for your help.

@Jake Hottenrott Gotcha, Mine is just a sole proprietor but would love to connect and talk more about it.

Talk to your lawyer and CPA to confirm this, but the general advice is that you should buy-and-hold as a sole proprietor (or a partnership if you have a multi-member LLC) while flip as an S-Corporation. 

He is the sole proprietor with no other help.  

@Catherine AshleyA Solo 401k can be adopted by a sole proprietor if no LLC or corporation is formed for your business.

LLC’s with just one owned-member however, are taxed as a sole proprietor and no separate tax return is required.

You can also get a business LoC as a sole proprietor.