An LLC that only has you as a member and chooses to be taxed as a sole proprietor does not file it's own tax return. 

Instead, the IRS allows you to decide how you want to be taxed (i.e. sole proprietor/partnership, S-Corp, and C-Corp).

@Jeremy Strong If you are just getting an EIN as a sole proprietor, then you just register it under your name. 

Just doing some research it looks like we could, as a married couple, classify as a sole proprietor or one of us can and the other could be an 'employee".

You know how some people say that a person walks in the room, their eyes lock, and they immediately know that that's  "the one"?Well, that never happens with me with romantic partners.  But it DOES happen with real es...

Even if you are operating as a sole proprietor, keep track of your income and expense receipts for tax time! 

The biggest question I have right now: Should I incorporate or operate as a sole proprietor?

☀️I have a 751 on Credit KarmaAltogether about 15,000 for a downpaymentLast year I made 50kBut I it’s my first full year as a sole proprietor therefore I could only prove 25k on my W-2 part time.

I am the sole proprietor of single-family used as a rental soon to close.

Keep in mind as LLC would ever disband, as sole proprietor, you would be the individual 'share holder' so that really makes no difference (unless going into dissolution of marriage, but that's an entirely different asset protection discussion) Really, first step should probably be the LLC with umbrella, suggested each subsequent property with it's own LLC.