I know there are things you need to do to keep the LLC in good standing, but not sure what they are.

Lots of legal opinions here, but most are inaccurate.It is true that, absent an estate planning vehicle (trust, etc.) there needs to be someone with “standing” who is empowered to pass title. 

And guess who I see standing on the front porch just hanging out with the other guys that stay their.............that's right my tenant who I am evicting.

You can afford to take on that debt which might be higher than the home is worth as it stands because the payment is possibly LOWER because they may have a LOW interest rate you cannot get anywhere near today. 3.

For example, you need standing to sue.

I stand by the concepts in my 5/27/2020 post on this BP topic, Buying auction properties in Wake County, NC, that people serious about buying foreclosures should take a few law classes or at least know every detail in their state statutes regarding the process. 

The predators will not be able to stand up to this type of scrutiny.

Don't trespass, but standing on the street or sidewalk and seeing how the house is put together is perfectly legal. 

You have to stand out from the competition to do well since there are so many rentals there.

Property is located in Illinois.Here is where it stands as of now:- cash out refi about to be complete.