The proceeds could be reinvested into something with better returns or even used to simplify your finances(Like Bettment still offer 4.75% for new customers, and you don't need to do anything!).

Looking for guidance on the best way to proceed going forward in terms of asset protection and how to structure all of this real estate… 

She works part time because it's a good balance of her interests, and protection for the family.

That makes your bookkeeping easier, and it can also provide liability protection if you hold title in an LLC.

My business partner owns a roofing company but has weak credit and more limited cash flow.An LLC is a common choice for partnerships since it protects personal assets and simplifies tax management.

Everybody is different, but the climate is tougher now as carriers begin to cull customers to eliminate unprofitable ones.  

They acted quickly and in your best interest to protect the property and your tenant. $2,000 is about the going rate in my market.2.

Yes we avoid custom work to help keep cost down. 

Again, I’m not sure if these guys do this to everyone or if their customer service ability as partners is just terrible.

It adds extra protection for your assets.