The seller wants to sell it for $50k but has requested to put it down on paper for $5k, so he can pay less tax; the remaining $45k would just be given under the table. 

Even the house is fully paid off, the 1% property tax + 1% maintenance offsets 2% annual gain.

At 25% down I’m looking at roughly $2300 for principal, insurance, and taxes per month on a 30 year loan at 7.6%. 

Landlord friendly, low taxes, and major tech and manufacturing job growth coming down the pipeline. 

Let's say your taxes are 2k per year and insurance is 1k per year. 

. • Property Tax @ $2,950/year. • No HOA. • 12 month lease in place as of 10/1 @ $1,395/Month.Thank You!

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?

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.