Fees earned from wholesaling as a Sole Proprietor is just ordinary income earned as the owner. 

Schedule C if you a sole proprietor) & you do not have any full-time w-2 employees (i.e. working 1000 hours or more per year) working for your self-employed business or otherwise.3)Here is more information regarding non-recourse loans:https://www.biggerpockets.com/member-blogs/9552/70...All things being equal a non-recourse lender will require more down, higher interest rate, shorter term, etc. given that there only recourse is the collateral.

Have to agree with @Michael Seeker on that. the properties would need to be under each LLC for any kind of protection. forming one llc to run the properties does not afford you any protection. you can claim deduction for property under your personal name using Schedule E of the tax forms, as Michael said, the sole proprietor LLC is considered disregarded and all income and expenses are filed on your personal tax returns anyway, think it is time you found a new, honest CPA.

If I legally set up the business which all rents and expenses run through, this would be reported just like any other self proprietor business is-correct?

For FHA loans, you will need to show 2 years of W2 income or 2 years of Tax Returns that show income if you're a sole proprietor.

Schedule C if you a sole proprietor) & you do not have any full-time w-2 employees (i.e. working 1000 hours or more per year) working for your self-employed business or otherwise.2.

An LLC that has one member and chooses to be taxed as a sole proprietor will not file a tax return. 

LLC, S Corp, stay as sole proprietors, DBA, etc.Thanks so much and looking for to any help given!

Especially if the entity is a disregarded LLC that will be taxed as a sole proprietor. 

Can anyone recommend a p/t bkkpr - as of of now i only have one property bank acct and my sole proprietor (realtor) bank acct.