So for the actual actions, say purchasing a property, it's the 1 person, as it's purchased by the LLC and the 1 person is the authorized signor. 

I could go on for hours of the horror stories, (squirrels raised by tenant's) yeah!!!! 

It is a ton of information but if you take action on all of it you will grow your business. 

I am wondering if anyone has ever taken legal action against property managers, and if they think we have a potential case? 

Here is my method I got that has done me wonders, I used the method from Brandon Turners book on managing properties:1.)

@Timothy Finney Glad you are ready to take action.

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

from my advice rural properties and developments aren't successful and you are climbing an uphill battle. sounds a little niche. we focus on developing and not reinventing the wheel. if this is truly what you want to focus all your time and energy on then visit the closest 5-10 of these that look like the ones you are interested and ask if they'd expand or build a secondary one. do a lot of research before you just take action 

I can definitely attribute a lot of my success over the last few years due to the connections I made on Bigger Pockets and the things I've just simply learned by listening to and reading all the great info available here!

You are correct by saying that you have missed opportunities by being too cautious.