Stocks, Bonds and Real estate were bubbles set to pop or correct without any external event.   

If in the event you do have a very high external risk profile that might attract a real lawsuit (a drug addled teenager driver) then acquire the level of umbrella insurance commensurate with your real risk (not phantom risk from some imagery "predator" instilled in your mind from a group scare monger selling you an LLC template).I would go even one step further and say an LLC in practical effect may actually INCREASE your risk profile as it could easily lull you into a state of complacency running your operation both in a careless and reckless manner.

@Roy N. that's actually interesting about the external insulation, Never thought about it.

I am basing my assumptions that it won't be severe on the fact that we've seen what happened with much harsher underlying causes and it didn't have a huge effect on our market.

@Andrew Holmes  The city of Chicago uses code enforcement to ensure absentee landlords and non performing property managers are not dragging down blocks and neighborhoods especially in tougher areas where there are already plenty of external factors working against a community.  

None of the technology companies I've worked at would ever consider external submissions to internal communication lists.

We have profitable businesses whose business plan is to push huge costs onto the public, externalization of costs, in the form of public assistance as they put mainstream employers, who once paid healthcare and retirements, out of business.

And for our Airbnb at our home I built steps leading down to a walk out basement that will allow external access to one of our spaces.

Some external perspectives that I probably wouldn’t have been able to come up with on my own. 

To convert back would take costly new permits and removing an external stairway and door.