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. 

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?

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.

Either way, if it is a good deal you owe it to yourself to pursue it. 

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. 

The selling agent informed us that the taxes are $97 per month for this year.

@Rollin BuffingtonYou will want to speak to an accountant since, if the current owner of the property and the owners of the LLC are different, taxes might be owed when the property is transferred/sold to the LLC

As long as you report this foreign income on your US Tax Return, then you can use that income to qualify for a conventional mortgage. 

I have a four unit and need help filing taxes.