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?

If don't need construction funds can just do a bridge loan no income and no doc with 30% down for upto 24 months interest only 

You can get another income producing area of the house and it still be separate. 3.

Finding good income generating properties does open up some creative financing opportunities but it's good starting out to stick to a comfort range.

I am particulalry concerned for those who spend hard earned money on courses and mentorship where they are taught to use credit card debt to fund the downpayments and/or improvements and the ease of funding deals when in actuality the only funding available is high interest alternative lenders.

Our plan is to hold long term (10+ years) and likely pay it off in 5-10 years to act as supplemental retirement income which we plan to get to with a couple more properties paid-off in Tulsa eventually.Would you pull the trigger on these two properties based on our goals?

You can earn far more than the 4.85 or so your paying.

So while it feels like I’m making the right decision by looking elsewhere, and Phil’s brand is, at best, tarnished to me by this experience, has anyone had legitimate, W-2 income replacing success through Freedom Mentor?

You have 2 limiting factors: lack of consistent W-2 income and minimal capital.

Let me know if you’re interested in coming.