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?

I would talk to a lender, they look at your Schedule E section of your tax returns and add back depreciation, so basically, as long as that number is greater than the mortgage, your property will be a net zero on your debt to income ratio or it will be at a positive best case and small negative worst case, so you only have to really qualify for the next property. 

Instead, I have tons of extracted wealth that is tax deferred ((owed when I sell). 

Is There Tax Lien Workshops/Training Or Any Info In Biggepockets?

Sounds like they are in a pretty good situation unless taxes and insurance costs are going to eat heavily into cash flow or the properties all need cap x improvements and they would rather sell than fix them up.I would have buyers for these if that is what they are looking for.

But the taxes due would have been zero.)

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!)

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

This house was built in 2005, great tenant in nice area with good schools but my property taxes go up with no limit, 17% with the last assessment.

Any CPA/EA/Tax Preparer can DO your taxes.