Does it make sense to move forward with forming an LLC or simply operating as a sole proprietorship?

I am looking to do real estate rehabbing on a part time basis. I intend to purchase some kind of umbrella insurance policy to cover potential contractor suits. I will not own the properties much longer than 3 to 6 months as I will be flipping them once repairs are completed. From a tax perspective I've heard that I can file as a one member LLC and be taxed as a corp vice individual basis as long as I obtain an EIN. I am of course looking to minimize my tax liability while protecting myself from possible litigation. If I do the corp formation I believe I can take a reasonable percentage of salary from earnings and treat the remainder as dividends thereby lowering my tax liability. Given this scenario, does it make sense to move forward with forming an LLC or simply operating as a sole proprietorship? I don't anticipate large earnings in the first year or two.