The taxable income from the LLC passes through to your personal tax return via a IRS Schedule K-1 and you include the income / loss on your personal return. 

@Shivam Patel, Contributions into and distributions from an LLC are not normally taxable events. 

It’s by far the best way to set up an SDIRA, especially when it’s investing in real estate on account of the amount of transactions done regularly.  

@Eli Jerman I post regularly about asset protection and entity formation.

I'm wondering if I'm missing anything: Mortgage (20% down, so no PMI) HOA Electricity Gas (None, as the new construction house has an electric stove—everything is electric) Water Bill Camera Security System Internet Lawn Care Regular MaintenanceQuestions: Will I need to pay for trash? 

Even if you rent to someone who doesn’t have full custody of their children, you need to delead if the children will be staying there regularly, such as on weekends.

Was this on a regular interior lot where the garage was behind the house or was the garage on the side of the house; was there an alley behind?

I always recommend accepting pets, but you should know how to screen them, monitor them, and have strong policies in place to stop problems early.You should regularly monitor your market on Zillow, realtor.com, apartments.com, etc.

Unfortunately it’s not capital gains because you owned it less than a year, its regular income tax.

This happens regularly, according to the on-site care taker of the property.