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 

Depreciation reduces your taxable income." 

Now post-COVID you have a larger inventory, increased prices, increased interest rates, increased property taxes, increased regulation (even Smokies are now requiring permits) and increased insurance and at the same time return of the reduced Pre-COVID occupancy numbers. 

At 18 I would focus on income, saving, learning and having a strong foundation. 

Ultimately, they are an option to help lower income households afford a place to live. 

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

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

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?

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