I started an LLC for my wholesale business and later for when I acquire rentals, what federal tax election should I pick, a sole proprietor or corporation?

@Paul Falciglia Short Term Rental which is synonymous with VR (Vacation Rental) though STR can be corporate rentals too (ie one month rental, 3 month, etc).

Fresh out of college working a corporate job and looking to learn more about and shadow an experienced flipper.

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S Corp or C Corp could be useful, but its a more "advanced" technique. 

. :)Professionally, I've been working in the corporate world for 15+ years now currently as Technology Director for a $14B industrial company which has served our family very well. 

. :)Professionally, I've been working in the corporate world for 15+ years now currently as Supply Chain Technology Director for a $14B industrial company which has served our family very well.

If I purchase an investment property using a HELOC from my personal home, Will the investment property not be listed on the personal home loan and therefore can be easily transferred to the LLCs possession without worry about piercing the corporate vail and avoid triggering a "due on sale clause"?

The issues with your corporate veil, which is pretty much the whole point of the LLC, is jeopardized.https://www.biggerpockets.com/...If you really want to use a LLC, deed the Title over and refinance with a commercial loan.  

Because of the massive cash flow, I saved up enough to leave corporate America and pursue real estate full time.