I got it from a tax deed and propstream shows im the owner of the land already.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

There is a somewhat complex, but powerful tax strategy unique to RE investors that expands upon the Mad Fientists roth conversion ladder. 1.

Also, do banks include property taxes included in the NOI calculation?

Between interest rates being day high, construction costs being through the roof and propert taxes and interest rates climbing by the minute, how is this profitable?

Tax implications also differ; selling may incur capital gains tax, while rental income is taxable but offset by deductions.There are several factors to consider when deciding if you should sell or keep your property as a rental. 

I'm of course bias, but we get a lot of Nor Cal investors here because we're driving distance but have low property taxes (that do NOT reassess on the sale), stable job growth, employment growth, land constraints that drive appreciation, and much more landlord friendly laws. 

Navigating tax responsibilities can be complex, and one common area of confusion is whether private lenders should send Forms 1099-INT to investors and if investors should receive Forms 1098.

It's a retirement account that enables to you invest in whatever you'd like to invest in and the profits are all tax free. 

I have done this once before to  purchase our condo with no issues and we both make more than enough money to pay both the new mortgage and pay ourselves back (85K + 3600 after tax monthly retirement for my partner, and 140K for me).