An LLC owner/member can be held personally liable if he or she:1) personally and directly injures someone;2) personally guarantees a bank loan or a business debt on which the LLC defaults;3) fails to deposit taxes withheld from employees' wages;4) intentionally does something fraudulent, illegal, or reckless that causes harm to the company or to someone else; or5) treats the LLC as an extension of his or her personal affairs, rather than as a separate legal entity.This last exception is the most important.

A reckless partner can bring down all YOUR assets.There have been many examples where a partner going through bankruptcy, foreclosure and divorce have brought down a partner NOT going thru B,F & D. 

$122/ month, or even $56/ month (whatever you are recklessly okay with in your heart).

I  also have to stop some of them short of recklessness. 

.- Energy Independence like we have never had in modern history (fuel crisis caused the 1970's and 1991 recessions)- Tighter lending standards (reckless lending caused the 2008 crash)- Low interest rates for consumers (some may think they are high but prior to 1999, over 8% was the norm)- Low unemployment and businesses do not have excess people.

And since you don't seem to understand the recklessness of trying to interpret law as "plain language", hire a good attorney, you *will* need one.  ;-) 

They will cover the garden variety premises liability claim, but not reckless or intentional misconduct.

Yes I am referring to the devil may care comment because it implies recklessness and irresponsibility and I don't think my remark falls into the same category. 

Opinions are great, but you are doing a disservice (reckless) to make those comments without finding out for yourself.  

But I have a fear that a reckless operator could create some negative publicity (Think of the headline: "Rich landlord from out of state pushes out grandmother from the only home she's known for the last 50 years") which could potentially lead to local policies that put a damper on what you're doing, when all you're really doing is improving the property.