When your LLC takes a loan, expect as members to personally guarantee the debt.

If you took DIY possession, was it legally allowed because the property was abandoned, or was it illegally obtained and doesn't mean anything when it comes time to file a quiet title lawsuit.If legally abandoned, that means the owner is gone, has no intention of coming back and no intention of ever doing anything with the property.

@Edward @Edward Augsberger The court order grants possession to the receiver.

Most who get tripped up are those buying the smaller multi-families that don't possess the correct use permit/historical rental license activity. 

Partial or full doesn't matter (except see note below re: coming even on delinquent rent).The statute regarding notice for evictions states: "No judgment of possession shall be entered for . . . except in the nonpayment unless the landlord has made written demand and given written notice for delivery of possession of the premises.”

Landlord and Tenant agree that any action or proceeding in which Landlord is seeking possession of the Premises from Tenant, a trial shall be heard by a court sitting without a jury.

Tenants will prioritize their debts based on reprocutions. 

Less risk as far as a debt note, that's true, but debt is not the only risk to be managed.

Can you do side hustles, cut down costs to get rid of these debts?

A debt service loan is popular for that step.