All of which has helped me reduce my taxable income resulting in me getting $$$ tax returns (which i don't hate)Last week i received a text from MJRESOLVES (never heard of them).

For my calculations I take 15% of my potential gross income (PGI).

One of the reasons for this is the ability to generate passive income.

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?

There is an abundance of supply, high price tag, it's more of a corporate travel town than a vacation destination (meaning that 1-2 bedroom units are in most demand, which puts you squarely in competition with hotels). 

So YOUR investment of $200,000 is now worth $1 million after 15 years, AND you own an income producing property that is completely paid for!  

Keeping an LLC compliant so not to allow “piercing” of the entity is 90% easier than with a corporation.  

Section 8 is a government program that allows you to rent properties to lower-income residents in the Section 8 program. 

I had to put myself under Electrical once they notified me of no longer being in business.Because of that, and because it took a year to get a response from them, I have had my house sitting vacant, not generating income, and I want to sell it to buy something closer to my house.

If you set up an S corp or LLC, you DON'T have to file a return.