However the property is still under my name, Do I have to report taxes for the SM LLC (which has its own EIN) that technically has no income?

It would obviously be on the investor's tax returns but would the investor even need to disclose the business's holdings to the bank when applying for a loan to tap into the equity on the personal property?

We buy smart primarys and live in rehab  them, then rent them and do it again, and  Buy and sell land and tax deeds on the side.

Do we have to file a tax return for the LLC every year even if we didn’t make money in a given year? 

There’s still 80-plus golf courses, I pay $2600 in property taxes on a 4br house with a pool, most people are kind and generous, weather is wonderful (but still lows in the 30’s in February!)

But the taxes due would have been zero.)

Some are even tax free. 

Hello everyone, looking for some input from someone who may have done it in the past. My last years accountant made it sound like filing by myself would be easy this year as sole owner but I’m stumped on which forms m...

Even if you have to pay more for the purchase think about the costs of carrying the real estate while waiting for the approvals  (debt service, property taxes, insurance, maintenance for the in-place tenant) and the additonal finance charges associated with originating an acquisiton/bridge loan and then a construciton loan at a later date. 

---,Upon review, I have discovered that the seller obtained title to the property through a municipal tax sale less than two years ago.