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?

Purchased for kids future/college fund (maybe relevant maybe not) Mortgage rate is 4.4% currently paying $1149 a month (including taxes/Insurance)Currently rents for $1550 (room for upping rent to $1600+)In the 2 years Ive had it, Ive added a roof(insurance claim),new windows, new bathroom, plumbing.

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%. 

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

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!

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

Some are even tax free. 

But the taxes due would have been zero.)